Research & Stock Picks

Morning Briefs

22 October 2025

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JCI is Expected to Decline Today

US markets closed mixed on Tuesday (21 Oct): Dow +0.47%, S&P 500 +0.00%, and Nasdaq -0.18%. The Dow closed at a new record high as Wall Street welcomed the latest wave of quarterly earnings reports from major companies such as General Motors and Coca-Cola. The 10-year US Treasury yield fell -0.65% (-0.026bps) to 3.959%, while the USD Index rose +0.35% to 98.94.

 

Commodity markets mostly weakened on Tuesday (21 Oct): WTI crude -0.52% to USD 57.5/bbl, Brent crude +0.51% to USD 61.3/bbl, coal -0.23% to USD 106.5/ton, CPO -0.18% to MYR 4,505, and gold slumped -5.3% to USD 4,125.2/oz.

 

Asian markets closed higher on Tuesday (21 Oct): Nikkei +0.27%, Hang Seng +0.65%, and Shanghai +1.36%. The JCI strengthened +1.84% to 8,238.08, with total foreign net buy of IDR 1,342.4 billion — including IDR 1,405.1 billion net buy in the regular market and IDR 62.7 billion net sell in the negotiated market. The top foreign net buys in the regular market were BBCA (IDR 1,301.5 billion), TLKM (IDR 226.4 billion), and ADRO (IDR 140.8 billion), while the top net sells were BMRI (IDR 117.2 billion), CUAN (IDR 104.5 billion), and BBNI (IDR 102.1 billion). Top leading movers were BBCA, TLKM, and BBRI, while top lagging movers were MLPT, SMMA, and PGUN.

 

This morning, the Kospi (-0.12%) and Nikkei (-0.18%) opened lower. We expect the JCI to decline today, pressured by sentiment from regional and commodity markets.

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RSH-251022
RSH-251022 - English

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