US stocks closed higher on Tuesday (24/6): Dow +1.19%, S&P 500 +1.11%, Nasdaq +1.43%. The markets surged as investors welcomed the ceasefire between Israel and Iran, while also monitoring Federal Reserve Chairman Jerome Powell’s testimony in Congress for clues on the future direction of US central bank policy. The UST 10Y yield fell -1.20% (-0.052 bps) to 4.296%, and the USD Index dropped -0.50% to 98.8.
Commodity market closed lower on Tuesday (6/24); WTI oil -1.61% to USD 66.10/bbl, Brent oil -6.07% to USD 67.14/bbl, coal -2.7% to USD 109.9/ton, CPO -3.47% to MYR 3,983, and gold -1.33% to USD 3,324/oz.
Asian stocks closed higher on Tuesday (24/6): Kospi +3.3%, Hang Seng +2.06%, Nikkei +1.14% and Shanghai +1.15%. JCI rose +1.21% to 6,869.2, with net foreign sell of IDR 927.4 billion; IDR 940.9 billion net sell in the regular market, and IDR 13.5 billion net buy in the negotiated market. The largest foreign outflow in the regular market was recorded by BBRI (IDR 252.9 billion), followed by MEDC (IDR 85.8 billion) and ADRO (IDR 42.1 billion). The largest foreign inflow in the regular market was recorded by BMRI (IDR 149.5 billion), followed by ANTM (IDR 75.8 billion) and BRPT (IDR 39.2 billion). The top leading movers were BBCA, BMRI, BBRI, while the top lagging movers were DSSA, ANTM, MEDC.
Both Kospi (+0.10%) and Nikkei (+0.14%) opened higher this morning. We expect the JCI to move up today, supported by positive sentiment from global and regional markets and easing concerns regarding Israel-Iran conflict.
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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