Research & Stock Picks

Morning Briefs

19 September 2025

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JCI is Expected to Move Sideways Today

US stocks closed higher on Thursday (18 Sep): Dow +0.27%, S&P 500 +0.48%, Nasdaq +0.94%. U.S. stocks surged to new highs as the Federal Reserve's decision to cut interest rates, coupled with Nvidia's USD 5bn investment in Intel, fueled optimism and drove market gains, particularly in the Nasdaq. The 10Y US Treasury yield dropped -0.40% (-0.016 bps) to 4.026%, while the USD Index rose 0.49% to 97.3.

 

Commodities closed mixed on Thursday (18 Sep): WTI crude -0.75% to USD 63.6/bbl, Brent crude -0.75% to USD 67.4/bbl, coal +1.27% to USD 107.9/ton, CPO fell -0.89% to 4,435, and gold -0.43% to USD 3,644.3/oz.

 

Asian markets closed mixed on Thursday (18 Sep): Kospi +1.40%, Hang Seng -1.35%, Nikkei +1.15%, and Shanghai -1.15%. The JCI fell -0.21% to 8,008.4, with overall foreign net sell of IDR 351.9 billion; IDR -259.1 billion in the regular market, and IDR -92.8 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBCA (IDR 838.8 billion), followed by BMRI (IDR 248.5 billion), and BBNI (IDR 121.4 billion). The largest foreign inflow in the regular market was recorded by BBRI (IDR 812.2 billion), followed by BRPT (IDR 248.8 billion), and PTRO (IDR 165.3 billion). Top leading movers are BRPT, MLPT, BREN, while top lagging movers are BBCA, TLKM, BMRI.

 

This morning, Kospi rose -0.13% and Nikkei gained +0.94%. We expect the JCI to move sideways today, given mixed sentiment from global and regional markets.

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