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US stock markets closed lower on Wednesday (20/8): Dow +0.04%, S&P 500 -0.24%, Nasdaq -0.67%. The decline was driven by continued pressure on technology stocks, as investors assessed retail earnings and Federal Reserve’s meeting minutes for signals on potential interest rate cuts. The 10-year US Treasury yield eased -0.37% to 4.291%, while the USD Index slipped -0.05% to 98.2.
Commodity markets closed mostly higher: WTI oil +1.06% (USD 63.2/bbl), Brent oil +1.60% (USD 66.8/bbl), coal +0.36% (USD 111.5/ton), CPO +0.51% (MYR 4,498), and gold +0.98% (USD 3,348.4/oz).
Asian markets were mixed: Kospi -0.68%, Hang Seng +0.17%, Nikkei +1.51%, and Shanghai +1.03% (7,943.8). JCI rose +1.03% to 7,943.8, with foreign investors booking net sells of IDR 775.5 billion in the regular market and IDR 8.7 billion in the negotiated market. The largest net foreign buys were recorded in BMRI (IDR 333.5 billion), BBRI (IDR 302.7 billion), and BRMS (IDR 237.4 billion), while the largest net foreign sells were seen in BBCA (IDR 344.6 billion), EMTK (IDR 34.0 billion), and KLBF (IDR 30.9 billion). Leading movers included BBRI, BMRI, and BRPT, while TLKM, DSSA, and SMMA were the main laggards.
This morning, regional markets opened mixed: Kospi +0.91% and Nikkei -0.35%. We expect the JCI to move up today, supported by positive sentiment following Bank Indonesia’s interest rate cut.
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.
