US stocks closed higher on Thursday (4/6). The Dow Jones +0.01%, the S&P 500 +0.36%, and the Nasdaq +0.76%. The market awaits US inflation data and the Fed's search for clues on the near-term path of interest rates. On Tuesday, the IMF published its updated global economic growth forecast. Investors will also get an update on the first quarter's earnings call. The UST 10Y Yield weakened -0.18% to 3.3030%, and the USD index strengthened +0.04% to 101.89.
The commodity market moved sideways on Thursday (04/06); WTI oil 0.25% to USD 80.9/bbl, Brent +0.32% to USD 80.7/bbl, coal prices -2.15% to USD 193.75/ton, nickel +2.17% to USD 23.073 and CPO -1.09% to MYR 3,824. The price of gold was observed to have weakened -0.43% to the level of USD 2.026/toz).
Asian stocks moved sideways on Friday (06/04) yesterday. Kospi +1.27%, Nikkei -1.22%, Hang Seng +0.28%, and Shanghai +0.49%. JCI closed -0.69% to a level of 6,792.8. The Indonesian Sharia Stock Index (ISSI) also weakened -0.22% to a level of 210.9. On Friday, foreign investors recorded a total net buy of IDR 646.8 billion. In the regular market, foreign investors recorded a net buy of IDR 656.2 billion, and the negotiating market recorded a foreign net sell of IDR 9.4 billion. The highest foreign net buys in the regular market were dominated by BBRI (IDR 305.6 billion), TLKM (IDR 258.8 billion), and BBCA (IDR 141.7 billion). The highest foreign net sell in the regular market were recorded by GOTO (IDR 162.2 billion), ASII (IDR 115.6 billion), and UNTR (IDR 41.8 billion). In addition, the top sector gainer on Friday (17/03) was the IDXFIN sector, while the top loser sector came from IDXTECH. The top leading movers of issuers are TLKM, BBCA, BBRI, while the top lagging movers of issuers are GOTO, AMRT, and BMRI.
Asian markets opened higher today: Nikkei increased 0.7% and KOSPI +1.27%. We estimate that the JCI has the potential to strengthen today, in line with mixed sentiment from global and regional market movements.