JCI is Expected to Decline Today
US stocks closed higher on Monday (28/7): Dow -0.14%, S&P 500 +0.02%, Nasdaq +0.33%. U.S. stocks hit record highs Monday in quiet trading amid a U.S.-EU trade pact, Big Tech earnings, a Fed meeting, key economic data, and Trump’s August 1 trade deadline. The 10-Year US Treasury yield rose +0.62% (+0.031 bps) to 4.413%, and the USD Index rose +1.04% to 98.7.
Commodity market were mixed: WTI oil +2.38% to USD 66.71/bbl, Brent oil +2.54% to USD 70.18/bbl, coal +1.54% to USD 115.8/ton, CPO -0.87% to MYR 4,239, and gold -0.76% to USD 3,367/oz..
Asian markets ended mostly lower on Monday (28/7): Kospi +0.42%, Hang Seng +0.68%, Nikkei -1.10%, and Shanghai +0.12%. JCI closed higher at +0.94% to 7,614.8, with a total net buy of IDR 49.2 billion; IDR 178.6 billion in the regular market, and IDR -129.4 billion in the negotiated market. The largest foreign inflow in the regular market was recorded by ASII (IDR 159.3 billion), followed by BBRI (IDR 139.8 billion), and BBNI (IDR 62.4 billion). The largest foreign outflow in the regular market was recorded by BMRI (IDR 170 billion), followed by WIFI (IDR 154.8 billion), and BRPT (IDR 114.6 billion). Top leading movers are BREN, BBRI, MDKA, while top lagging movers are SMMA, ICBP, BYANs.
This morning, Kospi (-0.62%) and Nikkei (-0.55%) opened lower. We expect the JCI to decline today, supported by negative sentiment from regional markets.
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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.
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