Research & Stock Picks

Morning Briefs

25 September 2025

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JCI is Expected to Move Sideways Today

US markets closed lower on Wednesday (24 Sep): Dow -0.37%, S&P 500 -0.28%, Nasdaq -0.33%. The decline came as investors took profits with indices near record highs, after Fed Chair Jerome Powell highlighted the risk of overvalued equities and ahead of this weekend’s inflation data release. The 10Y US Treasury yield edged up +0.93% (+0.038 bps) to 4.144%, while the USD Index strengthened +0.63% to 97.9.

 

Commodity markets ended mixed on Wednesday (24 Sep): WTI crude +2.23% to USD 64.81/bbl, Brent crude +1.95% to USD 69.13/bbl, coal -0.71% to USD 104.65/ton, CPO +0.90% to MYR 4,380, and gold -0.74% to USD 3,736.2/oz.

 

Asian markets mostly closed higher on Wednesday (24 Sep): Kospi -0.40%, Hang Seng +1.37%, Nikkei +0.30%, and Shanghai +0.83%. The JCI edged up +0.02% to 8,126.6, with foreign investors booking a net sell of IDR 524.5bn. In the regular market, foreign investors posted net sell of IDR 714.4bn, while in the negotiated market they recorded net buy of IDR 189.9bn. The largest foreign net sells in the regular market were in BBCA (IDR 263.8bn), ANTM (IDR 261.5bn), and BUMI (IDR 162.8bn). The largest net buys were in BRMS (IDR 124.1bn), BBRI (IDR 111.8bn), and TINS (IDR 83.2bn). Top gainers included BBCA, BRPT, and ASII, while top laggards were TLKM, BBRI, and MDKA.

 

This morning, Kospi opened lower (-0.14%), while Nikkei opened slightly higher (+0.15%). We expect the JCI to move sideways today, amid mixed sentiment from regional markets.

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RSH-250925
RSH-250925 - English

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