U.S. markets closed higher on Tuesday (Jan 6): the Dow rose 0.99%, the S&P 500 gained 0.62%, and the Nasdaq advanced 0.65%. The S&P 500 and Dow Jones Industrial Average set new records, with the Dow jumping nearly 500 points to close above the 49,000 level for the first time, as investors brushed aside concerns over the recent U.S. attack on Venezuela. The 10-year U.S. Treasury yield rose 0.26% (+0.011) to 4.175%, while the U.S. Dollar Index weakened 0.86% to 98.6.

 

Commodity markets closed mixed on Tuesday (Jan 6): WTI crude oil fell 2.36% to USD 56.99/bbl, Brent crude declined 1.72% to USD 60.70/bbl, coal rose 2.05% to USD 107.00/ton, CPO slipped 0.60% to MYR 3,990/ton, and gold climbed 1.03% to USD 4,495/oz.

 

Asian markets ended higher on Tuesday (Jan 6): the Hang Seng gained 1.38%, Nikkei rose 1.32%, and Shanghai increased 1.50%. The IHSG advanced 0.84% to 8,933.61, with total foreign net buying of IDR 591.1 billion, consisting of IDR 911.5 billion net buy in the regular market and IDR 320.4 billion net sell in the negotiation market. The highest foreign net buys in the regular market were recorded in RAJA (IDR 326.8 billion), BBCA (IDR 269 billion), and BBRI (IDR 258.1 billion). The largest foreign net sells in the regular market were seen in BUMI (IDR 509.2 billion), BMRI (IDR 405.9 billion), and ENRG (IDR 102.1 billion). Top leading movers were AMMN, BBCA, and BBRI, while top lagging movers were BMRI, TLKM, and DSSA.

 

This morning, the Kospi is trading higher by 0.81%, while the Nikkei opened lower by 0.32%. We expect the IHSG to move higher today, supported by positive global and regional market sentiment.