JCI is Expected to Move Sideways Today
US stocks closed higher on Monday (13 Oct): Dow +1.29%, S&P 500 +1.56%, and Nasdaq +2.21%. Markets rebounded sharply as President Trump downplayed the US-China tariff dispute, easing fears from last week’s sell-off. The 10-year US Treasury yield was closed, while the USD Index rose +0.29% to 99.3.
Commodity markets closed mostly higher on Monday (13 Oct): WTI oil +1.20% to USD 59.49/bbl, Brent oil +1.04% to USD 64.38/bbl, coal -0.14% to USD 104.40/ton, CPO -1.92% to MYR 4,496, and gold surged +3.31% to USD 4,133.0/oz.
Asian markets closed mixed on Monday (13 Oct): Nikkei was closed, Hang Seng -1.52%, and Shanghai -0.19%. The JCI slipped -0.37% to 8,227.20, with net foreign buy of IDR 2,293.2 billion; IDR -585.9 billion in the regular market, and IDR 2,879.1 billion in the negotiated market. The largest foreign inflow in the regular market was recorded by BRMS (IDR 262.3 billion), followed by ENRG (IDR 86.4 billion), and AMRT (IDR 79.1 billion). The largest foreign outflow in the regular market was recorded by BBRI (IDR 265.2 billion), followed by CDIA (IDR 253.1 billion), and WIFI (IDR 232.2 billion). Top leading movers are BRMS, CUAN, AMRT, while top lagging movers are BBRI, BBCA, DSSA.
This morning, the Kospi (+1.44%) opened higher, while the Nikkei (-0.81%) opened lower. We expect the JCI to move sideways today amid mixed sentiment from regional and domestic markets.
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