The U.S. market closed lower on Thursday (Mar 05): Dow -1.61%, S&P 500 -0.56%, and Nasdaq -0.26%. The decline was driven by heightened geopolitical tensions, which pushed oil prices above USD80 per barrel and raised concerns about potential economic repercussions. The U.S. 10-year Treasury yield increased 0.99% to 4.136%, while the U.S. Dollar Index gained 0.55% to 99.32.

Commodity markets also closed mostly higher on Thursday (Mar 05): WTI crude rose 8.51% to USD 81.01/bbl, Brent crude increased 4.93% to USD 85.41/bbl, coal gained 1.77% to USD 135.25/ton, CPO went up 0.67% to MYR 4,207/ton, and gold decreased 1.13% to USD 5,082/oz.

Asian markets closed higher on Thursday (Mar 05): Hang Seng rose 0.28%, Nikkei jumped 1.90%, and Shanghai gained 0.64%. The JCI climbed 1.76% to 7,710.54, with foreign net sell of IDR 210 billion; IDR -292.9 billion in the regular market, and IDR 82.9 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBRI (IDR 279.9 billion), followed by TLKM (IDR 181.8 billion), and CUAN (IDR 127.8 billion). The largest foreign inflow in the regular market was recorded by BBCA (IDR 93.9 billion), followed by MDKA (IDR 88.1 billion), and ASII (IDR 60.8 billion). Today's top sector gainer is IDXCYC sector, while today's top sector loser is IDXTRANS. Top leading movers are BBCA, BMRI, BBRI, while top lagging movers are BYAN, BREN, FILM.

 

This morning, both KOSPI (-0.82%) dan Nikkei (-0.31%) opened lower. Today, we anticipate the JCI to decline amid negative sentiment across global and regional markets due to ongoing geopolitical uncertainties.