JCI is Expected to Move Up Today
US stocks closed higher on Monday (20 Oct): Dow +1.12%, S&P 500 +1.07%, and Nasdaq +1.37%. Markets rallied ahead of a busy earnings week, with Apple and other major tech stocks leading gains as investors awaited the delayed release of key inflation data. The 10-year US Treasury yield fell -0.60% (-2.4 bps) to 3.985%, while the USD Index rose +0.17% to 98.59.
Commodity markets closed mostly higher on Monday (20 Oct): WTI oil +0.14% to USD 57.54/bbl, Brent oil +0.38% to USD 61.29/bbl, coal +0.53% to USD 104.00/ton, CPO was closed at MYR 4,514, and gold surged +3.47% to USD 4,359.4/oz.
Asian markets closed broadly higher on Monday (20 Oct): Nikkei +3.37%, Hang Seng +2.42%, and Shanghai +0.63%. The JCI strengthened +2.19% to 8,088.98, with net foreign buy of IDR 529.8 billion; IDR 656.7 billion in the regular market, and IDR -126.9 billion in the negotiated market. The largest foreign inflow in the regular market was recorded by BBCA (IDR 894 billion), followed by ASII (IDR 72.5 billion), and TLKM (IDR 55.9 billion). The largest foreign outflow in the regular market was recorded by BMRI (IDR 239.8 billion), followed by ANTM (IDR 149.3 billion), and PSAB (IDR 113.4 billion). Top leading movers are BBCA, BBRI, BMRI, while top lagging movers are AMMN, MLPT, BRMS
This morning, both Kospi (+1.47%) and Nikkei (+0.97%) opened higher. We expect the JCI to move upward today amid positive sentiment from regional and global markets.
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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.
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