Menu
JCI Might Move Sideways Today
US stocks closed lower on Monday (6/5); Dow Jones -0.59%, S&P 500 -0.20%, and Nasdaq -0.09%. The market lost some steam as investors digested weaker-than-expected economic data ahead of next week’s Fed meeting. Also, the announcement that regulators are considering raising capital requirements for large banks caused bank stocks to decline. The UST 10Y yield rose +0.14% to 3.698%, and the USD index rose +0.44% to 104.02.
Commodity market closed mostly higher on Monday (6/5); WTI oil +0.21% to USD 71.9/bbl, Brent +1.6% to USD 77/bbl, coal +4.47% to USD 137.75/ton, nickel -0.88% to USD 20,849, CPO closed at MYR 3,390, and gold +0.4% to USD 1,977.5/toz.
Asian markets closed higher: Kospi +1.25%, Nikkei -0.61%, Shanghai +0.07%. JCI closed at 6,633.4 (+0.00%), with foreign investors recording an overall net buy of IDR 721.2 billion; IDR 613.9 billion in the regular market, and IDR 107.3 billion in the negotiated market. The largest foreign inflow in the regular market was recorded by BBCA (IDR 301.9 billion), followed by ASII (IDR 156.9 billion), and GOTO (IDR 135.8 billion). The largest foreign outflow in the regular market was recorded by BBRI (IDR -215.3 billion), followed by BMRI (IDR -191.7 billion), and PGAS (IDR -30.8 billion). The top leading movers were ASII, BBCA, and TLKM, while the top lagging movers were GOTO, BBRI, and BYAN.
Nikkei (-0.67%) and KOSPI (+0.54%) had a mixed opening this morning. We expect the JCI to move sideways today, given mixed sentiments from global and regional markets.
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.
