Research & Stock Picks

Morning Briefs

01 July 2025

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JCI is Expected to Move Up Today

US stocks closed higher on Monday (30/6): Dow +0.63%, S&P 500 +0.52%, Nasdaq +0.48%. The markets ended a stellar month with more record highs, bolstered by signs of progress in trade talks, particularly after Canada decided to rescind its digital transaction tax to facilitate negotiations with the US. The UST 10Y yield fell -1.05% (-0.045 bps) to 3.801%, and the USD Index dropped -0.63% to 96.8.

 

Commodity markets moved mixed on Monday (30/6); WTI oil -0.87% to USD 64.95/bbl, Brent oil -0.24% to USD 67.61/bbl, coal +2.71% to USD 109.9/ton, CPO -0.62% to MYR 3,986., and gold +0.88% to USD 3,303/oz.

 

Most Asian stock exchanges closed higher on Monday (30/6): Kospi +0.46%, Hang Seng -0.87%, Nikkei +0.84% and Shanghai +0.59%. JCI went up +0.44% to 6,927.7, with net foreign sell of IDR 358.9 billion; IDR 536.9 billion net sell in regular market, and IDR 178 billion net buy in negotiated market. The largest foreign outflow in the regular market was recorded by BBRI (IDR 496.4 billion), followed by BMRI (IDR 110.5 billion), and ICBP (IDR 88.5 billion). The largest foreign inflow in the regular market was recorded by ANTM (IDR 114.4 billion), followed by TLKM (IDR 76.0 billion), and ASII (IDR 46.2 billion). The top leading movers were TLKM, MDKA, MBMA, while the top lagging movers were BBRI, BMRI, DSSA.

 

Kospi opened higher this morning (+1.80%), while Nikkei slipped -0.89%. We expect the JCI to move up today, driven by positive sentiment from the US and regional markets.

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