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The US market closed higher on Wednesday (Mar 04): Dow +0.49%, S&P 500 +0.78%, and Nasdaq +1.29%. Major US indices rose on Wednesday, extending the momentum from the previous session, as oil prices retreated following developments in the US-Israeli conflict with Iran and concerns over potential US economic slowdown eased. The US 10-year Treasury yield increased 0.90% to 4.096%, while the U.S. Dollar Index slipped -0.29% to 98.77.
Commodity markets closed mixed on Wednesday (Mar 04): WTI crude rose +0.13% to USD 74.66/bbl, Brent crude flat at USD 81.40/bbl, coal declined -3.70% to USD 132.90/ton, CPO slid -0.17% to MYR 4,179/ton, and gold climbed +1.01% to USD 5,140/oz.
Asian markets closed lower on Wednesday (Mar 04): Hang Seng fell -2.01%, Nikkei fell -3.61%, and Shanghai fell -0.98%. The JCI fell -4.57% to 7,577.06, with foreign net sell of IDR 118.1 billion, consisting of IDR 214.1 billion net sell in the regular market and IDR 96.0 billion net buy in the negotiated market. The largest foreign net sells in the regular market were recorded in BBCA (IDR 573.4 billion), BBNI (IDR 178.5 billion), and ANTM (IDR 94.7 billion), while the largest foreign net buys were seen in BUMI (IDR 114.6 billion), PTRO (IDR 87.2 billion), and PTBA (IDR 72.4 billion). Top leading movers were SGRO, IFSH, and POLU, while top lagging movers were TLKM, AMMN, and BRMS.
This morning, both KOSPI (+10.3%) dan Nikkei (+4.15%) opened higher. Today, we anticipate the JCI to continue declining following the recent negative outlook issued by Fitch Ratings.
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.
