JCI is Expected to Move Sideways Today
US stocks closed lower on Tuesday (17/6): Dow -0.70%, S&P 500 -0.84%, Nasdaq -0.91%. The markets declined on Tuesday as hopes for a swift resolution to the Israel-Iran conflict faded, following President Trump’s intensified rhetoric and demand for Iran’s "unconditional surrender”. UST 10Y yield fell -1.28% (-0.057 bps) to 4.392%, while USD Index rose +0.84% to 98.8.
Commodity market closed mostly higher on Tuesday (17/6); WTI oil +6.25% to USD 75.49/bbl, Brent oil +4.40% to USD 76.45/bbl, coal +0.34% to USD 104.1/ton, CPO -0.66% to MYR 4,066, and gold -0.01% to USD 3,407.3/oz.
Asian stocks closed higher on Tuesday (17/6): Kospi +0.12%, Hang Seng -0.34%, Nikkei +0.60% and Shanghai -0.04%. JCI rose +0.54% to 7,155.9, with net foreign buy of IDR 259.4 billion; IDR 196.8 billion in the regular market, and IDR 62.6 billion in the negotiated market. The largest foreign inflow in the regular market was recorded by ANTM (IDR 406.8 billion), followed by BBCA (IDR 61.4 billion), and TLKM (IDR 55.5 billion). The largest foreign outflow in the regular market was recorded by BBRI (IDR 96.3 billion), followed by BRPT (IDR 75.1 billion), and BRMS (IDR 61.1 billion). The top leading movers were AMMN, BBCA, TPIA, while top lagging movers were BBRI, BMRI, AMRT.
Both Kospi (+0.24%) and Nikkei (+0.06%) opened higher this morning. We expect the JCI to move sideways today, given mixed sentiment from global and regional markets.
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