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US stocks closed lower on Tuesday (29/7): Dow -0.46%, S&P 500 -0.30%, Nasdaq -0.38%. The markets slipped as investors digested a wave of corporate earnings and economic data while preparing for the Fed’s interest rate decision scheduled for Wednesday. The 10-year US Treasury yield declined -2.02% (-8.9 bps) to 4.324%, while the USD Index went up +0.23% to 98.9.
Commodity markets moved higher on Tuesday (29/7): WTI oil rose +3.75% to USD 69.21/bbl, Brent crude +3.53% to USD 72.50/bbl, coal was flat at USD 115.5/ton, CPO gained +0.28% to MYR 4,254, and gold edged up +0.36% to USD 3,327/oz.
Asian markets closed mixed on Tuesday (29/7): Kospi +0.66%, Hang Seng -0.15%, Nikkei -0.79%, and Shanghai +0.33%. JCI inched up +0.04% to 7,617.9, with total foreign net sell of IDR 421.3bn; IDR 449bn net sell in the regular market and IDR 27.7bn net buy in the negotiated market. The largest foreign net sells in the regular market were recorded by BBCA (IDR 562.9bn), BMRI (IDR 105.5bn), and ICBP (IDR 56bn), while the largest foreign net buys were recorded by WIFI (IDR 90.8bn), BRMS (IDR 75.1bn), and ASII (IDR 65.1bn). Top gainers were BRPT, BRMS, and AMRT, while top laggards included SMMA, BBCA, and BBRI.
This morning, both Kospi (+0.32%) and Nikkei (+0.02%) opened higher. We expect the JCI to move up today, supported by positive sentiment from regional equities and commodity markets.
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
