Research & Stock Picks

Morning Briefs

04 July 2025

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JCI is Expected to Move Sideways Today

US stocks closed higher on Thursday (3/7): Dow +0.77%, S&P 500 +0.83%, Nasdaq +1.02%. The markets closed higher as jobs data exceeded expectations, despite ongoing geopolitical and trade war tensions. The UST 10Y yield rose +1.31% (+0.056 bps) to 4.337% while USD index increased +0.34% to 97.1.

 

Commodity market closed mostly lower on Thursday (3/7); WTI oil -0.67% to USD 67.00/bbl, Brent oil -0.45% to USD 68.80/bbl, coal -1.32% to USD 112.5/ton, CPO +0.71% to MYR 4,091, and gold -0.93% to USD 3,326.1/oz.

 

Most Asian stock exchanges closed mixed on Thursday (3/7): Kospi +1.34%, Hang Seng -0.63%, Nikkei +0.06%, and Shanghai +0.18%. JCI fell -0.05% to 6,878.1, with net foreign sell of IDR 31.3 billion; IDR -6.7 billion in the regular market, and IDR -24.6 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBCA (IDR -106.3 billion), followed by BRPT (IDR -25 billion), and ADRO (IDR -19.2 billion). The largest foreign inflow in the regular market was recorded by ANTM (IDR 65.3 billion), followed by GOTO (IDR 63.1 billion), and MDKA (IDR 40.2 billion). Top leading movers are ANTM, MDKA, KLBF, while top lagging movers are TLKM, BBCA, BREN.

 

Kospi opened lower this morning (-0.31%), while Nikkei rose +0.02%. We expect the JCI to move sideways today amid mixed sentiments from global and regional markets.

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