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US stocks closed mixed on Wednesday (29/10): Dow -0.16%, S&P 500 -0.00%, and Nasdaq +0.55%. The markets experienced a rather mixed session after Federal Reserve decided to cut interest rates for the second time this year. Gains in equities slightly eased after Fed Chair Jerome Powell stated that another rate cut in December remains “far from certain.” The 10-year UST yield rose +2.36% (-0.094bps) to 4.076%, while the USD Index went up +0.41% to 99.1.
Commodity markets closed mixed on Wednesday (29/10): WTI crude +0.55% to USD 60.48/bbl, Brent crude +0.75% to USD 64.88/bbl, coal +0.55% to USD 109.90/ton, CPO -1.46% to MYR 4,262/ton, and gold -0.56% to USD 3,930.7/oz.
Asian markets mostly went up on Wednesday (29/10): Kospi +1.76%, Hang Seng -0.33%, Nikkei +2.17%, and Shanghai +0.70%. The JCI rose +0.91% to 8,166.2, with total foreign net buy of IDR 3,786.5 billion — comprising IDR 1,233 billion in regular market and IDR 2,553.5 billion in negotiated market. The top foreign net buys in the regular market were BBCA (IDR 976.4 billion), BMRI (IDR 237.4 billion), and ADRO (IDR 178.6 billion), while the top net sells were BBRI (IDR 174 billion), BUMI (IDR 87.6 billion), and ICBP (IDR 73.8 billion). Top leading movers were BBCA, BMRI, and BRMS, while top lagging movers were TLKM, DSSA, and BREN.
This morning, both Kospi (+0.90%) and Nikkei (+0.12%) 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.
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.
