JCI is Expected to Move Up Today
US stocks closed higher on Monday (2/6): Dow +0.08%, S&P 500 +0.41%, Nasdaq +0.67%. US market rose yesterday as investors brushed off rising trade tensions with China and the EU. The UST 10Y yield rose +1.09% (+0.043 bps) to 4.445%, while USD Index slipped -0.63% to 98.7.
Commodity market closed mostly lower on Monday (2/6); WTI oil +3.73% to USD 63.06/bbl, Brent oil +2.95% to USD 62.78/bbl, coal +1.98% to USD 105.4/ton, CPO closed at MYR 3,878, and gold +2.56% to USD 3,389/oz.
Asian stocks closed mostly lower on Monday (2/6): Kospi +0.05%, Hang Seng -1.30 and Nikkei -0.57%. On Monday (2/6), JCI fell -1.54% to 7,066.1, with net foreign sell of IDR 2804.9 billion; IDR -2728.4 billion in the regular market, and IDR -76.5 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBCA (IDR 1071.8 billion), followed by BMRI (IDR 602.6 billion), and BBRI (IDR 325.7 billion). The largest foreign inflow in the regular market was recorded by ANTM (IDR 171.6 billion), followed by PSAB (IDR 74.9 billion), and TPIA (IDR 29.7 billion). Top leading movers are SMMA, DSSA, AMRT, while top lagging movers are BBRI, BBCA, BMRI.
Both Kospi (+0.10%) and Nikkei (+0.15%) opened higher this morning. We expect the JCI to move up today, given positive sentiments from global and regional markets.
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