The U.S. market closed higher on Friday (Apr 17): Dow +1.79%, S&P 500 +1.20%, and Nasdaq +1.52%. S&P 500 closed above 7,100 for the first time while the Nasdaq hit its longest winning streak since 1992, driven by a ceasefire and reopening of the Strait of Hormuz that boosted market sentiment. The U.S. 10-year Treasury yield declined 1.47% to 4.248%, while the U.S. Dollar Index slipped 0.12% to 98.10.

 

Commodity markets also closed mostly lower on Friday (Apr 17): WTI crude fell 11.45% to USD 83.85/bbl, Brent crude dropped 9.07% to USD 90.38/bbl, coal declined 2.62% to USD 122.45/ton, CPO slid 0.66% to MYR 4,450/ton, and gold climbed 0.84% to USD 4,830/oz.

 

Asian markets closed lower on Friday (Apr 17): Hang Seng fell 0.89%, Nikkei fell 1.75%, and Shanghai fell 0.10%. The JCI climbed 0.17% to 7,634.00, with foreign net sell of IDR 931.5 billion, consisting of IDR 746.2 billion net sell in the regular market and IDR 185.3 billion net sell in the negotiated market. The largest foreign net sells in the regular market were recorded in BBCA (IDR 522.7 billion), BMRI (IDR 225.5 billion), and BBRI (IDR 212.1 billion), while the largest foreign net buys were seen in CUAN (IDR 127.3 billion), INCO (IDR 50.5 billion), and EMAS (IDR 50.1 billion). Top leading movers were BREN, ASII, and BBRI, while top lagging movers were BBCA, DSSA, and BRPT.

 

This morning, both KOSPI (+0.29%) and Nikkei (+0.56%) opened higher. Today, we anticipate the JCI to move up amid positive sentiment across regional markets.