JCI is Expected to Move Up Today
US stocks closed mostly higher on Monday (23/6): Dow +0.88%, S&P 500 +0.94%, Nasdaq +0.96%. The markets closed near session highs on Monday as oil prices fell following Iran’s limited missile response to US strikes. UST 10Y yield fell -0.64% (-0.028 bps) to 4.348%, and USD Index dropped -0.71% to 98.4.
Commodity market closed mixed on Monday (23/6); WTI oil -12.04% to USD 66.17/bbl, Brent oil -10.07% to USD 71.48/bbl, coal +0.61% to USD 107.5/ton, CPO +0.24% to MYR 4,125, and gold -0.49% to USD 3,378/oz.
Asian stocks closed mixed on Monday (23/6): Kospi -0.24%, Hang Seng +0.67%, Nikkei -0.13% and Shanghai +0.65%. JCI fell -1.74% to 6,787.1, with net foreign sell of IDR 276.6 billion; IDR -245.1 billion in the regular market, and IDR -31.5 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBRI (IDR 252.9 billion), followed by MEDC (IDR 85.8 billion), and ADRO (IDR 42.1 billion). The largest foreign inflow in the regular market was recorded by BMRI (IDR 149.5 billion), followed by ANTM (IDR 75.8 billion), and BRPT (IDR 39.2 billion). Top leading movers were AMMN, SSIA, ENRG, while top lagging movers were DSSA, BBRI, BREN.
Both Kospi (+2.01%) and Nikkei (+1.56%) opened higher this morning, and we expect the JCI to move up today, supported by positive regional sentiment, easing oil and gas concerns, and recent Israel-Iran ceasefire.
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