The U.S. market closed mixed on Thursday (Jan 29): Dow +0.11%, S&P 500 -0.13%, and Nasdaq +0.72%. The S&P 500 closed lower following a decline in Microsoft shares, as market participants reacted to the company’s latest earnings results as well as the Federal Reserve’s interest rate decision. The U.S. 10-year Treasury yield fell -0.26% (-0.011) to 4.235%, while the U.S. Dollar Index declined -0.43% to 96.91.

 

Commodity markets closed mostly higher on Thursday (Jan 29): WTI crude +2.77% to USD 65.28/bbl, Brent crude +3.38% to USD 70.71/bbl, coal +2.05% to USD 111.75/ton, CPO +1.05% to MYR 4,317/ton, and gold -0.77% to USD 5,375/oz.

 

Asian markets closed mostly higher on Thursday (Jan 29): Hang Seng +0.51%, Nikkei +0.03%, and Shanghai +0.16%. The IHSG fell -1.06% to 8,232.2 with foreign net sell of IDR 4,633.2 billion; net sell of IDR 5,114.1 billion in the regular market, and net buy of IDR 480.9 billion in the negotiated market. The largest foreign net sells in the regular market were recorded in BBCA (IDR 2,053.6 billion), BMRI (IDR 853.6 billion), and BUMI (IDR 802.8 billion). The largest foreign net buys in the regular market were seen in EXCL (IDR 188.8 billion), BBRI (IDR 173.6 billion), and GOTO (IDR 129.2 billion). Top leading movers were BBRI, BBCA, and BREN, while top lagging movers were DSSA, BUMI, and IMPC.

 

This morning, KOSPI (+1.27%) and Nikkei (+0.26%) are trading higher. Today, we expect the IHSG to rise, following the sharp decline caused by the MSCI announcement.