S stocks closed higher on Wednesday (3 Sept): Dow -0.05%, S&P 500 +0.51%, Nasdaq +1.02%. Gains were driven by optimism over Google’s favorable antitrust outcome and job openings data, which bolstered expectations for a September Fed rate cut. The 10Y US Treasury yield fell 5.5 bps to 4.218%, while the USD index slipped -0.26% to 98.1.
Commodity markets ended mixed: WTI -2.58% (USD 63.90/bbl), Brent -2.23% (USD 67.6/bbl), coal +0.14% (USD 109.9/ton), CPO -0.76% (MYR 4,442/ton), and gold +0.74% (USD 3,559.4/oz).
Asian markets closed mostly lower: Kospi -0.38%, Hang Seng -0.88%, Nikkei -0.60%, and Shanghai -1.16%. Meanwhile, the JCI rose +1.08% to 7,885.9, despite foreign net sell of IDR 1.39tn (regular: -IDR 1.21tn; negotiated: -IDR 176.5bn). The largest net sells were recorded by BBCA (-IDR 939.7bn), BRMS (-IDR 143.8bn), and ANTM (-IDR 109.2bn), while net buys were led by BMRI (+IDR 151bn), PGAS (+IDR 81.2bn), and HRTA (+IDR 46.3bn). Top gainers were DSSA, BBRI, and SMMA, while top laggards were BREN, BRPT, and BBCA.
This morning, regional sentiment is positive with Kospi (+0.47%) and Nikkei (+1.05%) opening higher. We expect JCI to move up today, supported by regional momentum.
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.