US stocks closed higher on Thursday (23 Oct): Dow +0.31%, S&P 500 +0.58%, and Nasdaq +0.89%. US markets gained momentum after the White House confirmed that President Donald Trump will meet with Chinese President Xi Jinping next week as part of his trip to Asia. The 10-year US Treasury yield fell -0.18% (-0.007bps) to 3.952%, while the USD Index edged up +0.04% to 98.9.
Commodity markets closed higher on Thursday (23 Oct): WTI crude +5.62% to USD 61.8/bbl, Brent crude +4.05% to USD 63.4/bbl, coal +1.22% to USD 108.0/ton, CPO +0.36% to MYR 4,470, and gold +0.88% to USD 4,126.3/oz.
Asian markets closed mixed on Thursday (23 Oct): Kospi -0.98%, Hang Seng +0.72%, Nikkei -1.35%, and Shanghai +0.22%. JCI rose +1.49% to 8,274.4, with total foreign net buy of IDR 1,084.6 billion — consisting of IDR 949.2 billion in the regular market and IDR 135.4 billion in the negotiated market. The largest foreign net buys in the regular market were BBRI (IDR 296.5 billion), BMRI (IDR 258.1 billion), and TLKM (IDR 251.3 billion), while the biggest foreign net sells were PTRO (IDR 146.3 billion), BRMS (IDR 62 billion), and RAJA (IDR 54.3 billion). Top leading movers were TLKM, BBRI, and AMMN, while top lagging movers were DSSA, BREN, and CUAN.
This morning, both Kospi (+1.36%) and Nikkei (+1.03%) opened higher. We expect the JCI to move up today, supported by positive sentiment from regional 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.
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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.
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