Research & Stock Picks

Morning Briefs

13 November 2025

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JCI is Expected to Move Up Today

US markets closed mixed on Wednesday (12/11): Dow +0.68%, S&P 500 +0.06%, and Nasdaq -0.26%. The Dow booked a new all-time closing high, while tech stocks weakened as investors rotated out of expensive technology names and focused on the potential end of the historic US government shutdown. The 10-year UST yield fell -0.22% (-0.009 bps) to 4.063%, while USD Index inched up +0.05% to 99.5.

Commodity markets closed mixed on Wednesday (12/11): WTI -4.27% to USD 58.41/bbl, Brent -3.81% to USD 62.65/bbl, coal +1.30% to USD 109.25/ton, CPO -0.34% to MYR 4,125/ton, and gold rose +1.71% to USD 4,197.8/oz.

Asian markets mostly closed higher: Kospi +1.07%, Hang Seng +0.85%, Nikkei +0.43%, and Shanghai -0.06%. The JCI rose +0.26% to 8,388.6, with total foreign net buy of IDR 1,231.6 billion (regular market: IDR 337.4 billion; negotiated market: IDR 894.2 billion). The largest foreign net buys in the regular market were recorded by BMRI (IDR 261.6 billion), BBCA (IDR 145 billion), and BREN (IDR 74.1 billion). The largest net sells were recorded by BUMI (IDR 194.9 billion), GOTO (IDR 67.9 billion), and AMMN (IDR 64.7 billion). Top leading movers were BRPT, BBCA, and BMRI, while top lagging movers were AMMN, BREN, and GOTO.

This morning, Nikkei opened higher (+0.20%). We expect the JCI to move up today, supported by positive sentiment from regional markets.

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