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The US market closed lower on Friday (Mar 06): Dow -0.95%, S&P 500 -1.33%, and Nasdaq -1.59%. Wall Street closed lower as oil prices spiked and traders reacted to an unexpected drop in new US jobs data. The US 10-year Treasury yield increased +0.05% to 4.138%, while the U.S. Dollar Index slipped -0.33% to 98.99.
Commodity markets closed higher on Friday (Mar 06): WTI crude rose +12.21% to USD 90.90/bbl, Brent crude increased +8.52% to USD 92.69/bbl, coal gained +1.52% to USD 137.30/ton, CPO went up +3.80% to MYR 4,367/ton, and gold climbed +1.76% to USD 5,172/oz.
Asian markets closed mostly higher on Friday (Mar 06): Hang Seng rose +1.72%, Nikkei jumped +0.62%, and Shanghai gained +0.38%. The JCI fell -1.62% to 7,585.69, with foreign net sell of IDR 263.0 billion, consisting of IDR 309.4 billion net sell in the regular market and IDR 46.4 billion net buy in the negotiated market. The largest foreign net sells in the regular market were recorded in BBRI (IDR 281.1 billion), BMRI (IDR 207.5 billion), and ENRG (IDR 98.6 billion), while the largest foreign net buys were seen in INDF (IDR 76.2 billion), ITMG (IDR 66.1 billion), and BRPT (IDR 64.0 billion). Top leading movers were TPIA, BREN, and DCII, while top lagging movers were BBRI, BMRI, and BYAN.
This morning, both KOSPI (-7.33%) and Nikkei (-6.26%) opened lower. We expect the JCI to decline today amid escalating geopolitical tensions in the Middle East.
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.
