Research & Stock Picks

Morning Briefs

22 May 2026

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JCI is Expected to Decline Today

The U.S. market closed higher on Thursday (May 21): Dow +0.55%, S&P 500 +0.17%, and Nasdaq +0.09%. Yesterday, Wall Street ended the day higher as oil prices and U.S. Treasury yields fell, fueled by increasing hope that the Middle East conflict may soon be settled. The U.S. 10-year Treasury yield declined 0.35% to 4.570%, while the U.S. Dollar Index gained 0.17% to 99.26.

Commodity markets also closed mostly lower on Thursday (May 21): WTI crude fell 1.94% to USD 96.35/bbl, Brent crude dropped 2.32% to USD 102.58/bbl, coal gained 0.07% to USD 137.55/ton, CPO slid 2.73% to MYR 4,458/ton, and gold decreased 0.03% to USD 4,543/oz.

Asian markets closed mostly lower on Thursday (May 21): Hang Seng fell 1.03%, Nikkei jumped 3.14%, and Shanghai fell 2.04%. The JCI fell 3.54% to 6,094.94, with foreign net sell of IDR 544.7 billion, consisting of IDR 508.0 billion net sell in the regular market and IDR 36.7 billion net sell in the negotiated market. The largest foreign net sells in the regular market were recorded in ANTM (IDR 204.1 billion), BBRI (IDR 145.9 billion), and BMRI (IDR 141.5 billion), while the largest foreign net buys were seen in BUMI (IDR 203.8 billion), BRPT (IDR 173.3 billion), and BRMS (IDR 87.7 billion). Top leading movers were AMMN, INDF, and AMRT, while top lagging movers were ASII, BRMS, and BYAN.

This morning, both KOSPI (+0.61%) and Nikkei (+1.20%) opened higher. Today, we anticipate the JCI to continue its decline amid negative market reactions to recent unfavorable government initiatives.

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RSH-260522
RSH-260522 - English

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RSH-260522
RSH-260522 - English

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