Research & Stock Picks

Morning Briefs

26 June 2025

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JCI is Expected to Move Sideways Today

US stocks closed mixed on Wednesday (25/6): Dow -0.25%. S&P 500 0.00%. Nasdaq +0.31%. The markets showed mixed sentiment amid the Iran-Israel ceasefire, with investors also focusing on Federal Reserve Chairman Jerome Powell’s second day of testimony before Congress. The UST 10Y yield fell -0.21% (-0.009bps) to 4.285% and the USD index dropped -0.18% to 97.7.

 

Commodity markets closed mixed on Wednesday (25/6): WTI oil +0.20% to USD 65.10/bbl, Brent oil +0.80% to USD 67.70/bbl, coal -0.73% to USD 109.10/ton, CPO -0.45% to MYR 3,965, and gold +0.26% to USD 3,322.3/oz.

 

Asian stock exchanges closed higher on Wednesday (25/6): Kospi +0.39%, Hang Seng +1.23%, Nikkei +0.39%, and Shanghai +1.04%. JCI fell -0.54% to 7,832.1, with net foreign sell of IDR 931.2 billion. IDR 1,008.8 billion net sell in regular market and IDR 77.6 billion net buy in negotiated market. The largest foreign outflow in the regular market was recorded by BBCA (IDR 503.7 billion), followed by BMRI (IDR 358.2 billion), and PGEO (IDR 58.3 billion). The largest foreign inflow in the regular market was recorded by ANTM (IDR 115.9 billion), followed by BRPT (IDR 46.5 billion), and ENRG (IDR 26.4 billion). The top leading movers were AMMN, DSSA, and DCII, while the top lagging movers were BMRI, BBCA, and TPIA.

 

Kospi fell -0.36% this morning, while Nikkei rose +0.81%. We expect the JCI to move sideways today, given mixed sentiments from regional markets and ongoing uncertainty amid the Iran-Israel ceasefire.

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