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US markets closed lower on Tuesday (23 Sep): Dow -0.19%, S&P 500 -0.55%, and Nasdaq -0.95%. US equities fell after Fed Chair Jerome Powell signaled that the central bank would proceed cautiously with further rate cuts, while noting that “equity prices are fairly highly valued.” The 10Y US Treasury yield declined -1.06% (-0.044 bps) to 4.106%, while the USD Index edged down -0.08% to 97.26.
Commodities closed mixed on Tuesday (23 Sep): WTI oil +1.23% to USD 63.4/bbl, Brent oil +1.59% to USD 67.6/bbl, coal -0.80% to USD 105.4/ton, CPO -2.25% to MYR 4,343, and gold +0.46% to USD 3,764.0/oz.
Asian markets also ended mixed on Tuesday (23 Sep): Kospi +0.51%, Nikkei was closed, Hang Seng -0.70%, and Shanghai -0.18%. The JCI rose +1.06% to 8,125.2, with foreign investors posting a total net buy of IDR 5,549bn; IDR 451.5bn net buy in the regular market and IDR 5,097.5bn net buy in the negotiated market. The largest foreign net buys in the regular market were in BBCA (IDR 258.1bn), BRMS (IDR 248.8bn), and BUMI (IDR 223.2bn). The largest net sells were in CARE (IDR 214.6bn), CDIA (IDR 157.5bn), and BMRI (IDR 95.4bn). Top gainers included BBCA, BRPT, and ASII, while top laggards were TLKM, BBRI, and MDKA.
This morning, Kospi opened slightly higher (+0.03%) while Nikkei edged down (-0.13%). Supported by positive sentiment from domestic and commodity markets, we expect the JCI to move up today.
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
