US markets closed higher on Wednesday (1 Oct): Dow +0.09%, S&P 500 +0.34%, Nasdaq +0.42%. The Dow and S&P 500 posted record highs as the US government entered its first shutdown in seven years. Investors shifted their focus to weak ADP employment data, which reinforced speculation of an imminent rate cut. The 10Y UST yield fell -1.27% (+0.053bps) to 4.099%, while the USD index slipped -0.07% to 97.7.
Commodity markets closed mixed on Wednesday (1 Oct): WTI crude -0.95% to USD 61.78/bbl, Brent crude -2.36% to USD 65.44/bbl, coal -0.61% to USD 105.55/ton, CPO +0.89% to MYR 4,390, and gold +0.18% to USD 3,865.7/oz.
Asian markets mostly closed higher on Wednesday (1 Oct): Kospi +0.91%, Hang Seng +0.87%, Nikkei -0.85%, and Shanghai +0.52%. The JCI fell -0.21% to 8,043.8, with foreign net sell of IDR 737.5 billion. In the regular market, foreign investors recorded a net sell of IDR 997.9 billion, while in the negotiated market foreign net buy reached IDR 260.4 billion. The largest foreign net sells in the regular market were BBCA (IDR 731.1 billion), BBRI (IDR 445.8 billion), and RAJA (IDR 80.7 billion). The largest foreign net buys in the regular market were BRMS (IDR 229.1 billion), EMTK (IDR 129.1 billion), and BUMI (IDR 123.1 billion). Top leading movers were EMTK, DCII, BRMS, while top lagging movers were BBRI, BBCA, AMMN.
Both Kospi (+1.94%) and Nikkei (+1.10%) opened higher this morning. We expect the JCI to move higher today amid positive sentiment from regional andĀ globalĀ markets.
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.
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