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JCI May Continue to Decline
US stocks closed mostly lower on Monday (10/23); Dow Jones -0.58%, S&P 500 -0.17%, and Nasdaq +0.27%. Nasdaq finally snapped its losing streak as US Treasury yield left the 5% mark and investors looked ahead to the release of corporate earnings from tech giants (including Alphabet, Amazon, and Meta). The UST 10Y yield rose -1.24% (-0.061 bps) to 4.853%, while the USD index slipped -0.59% to 105.54.
Commodity market moved down on Monday (10/23); WTI oil -2.33% to USD 86.03/bbl, Brent oil -0.2% to USD 92/bbl, coal +0.25% to USD 138.35/ton, nickel -2.12% to USD 18,254, CPO -0.50% to MYR 3,752, and gold -0.50% to USD 1,984.5/toz.
Asian markets closed lower on Monday (10/23): Kospi -0.8%, Nikkei -0.8%, Hang Seng -0.87%, and Shanghai -1.5%. JCI ended Monday’s session at 6,742 (-1.6%), with foreign investors recording an overall net sell of IDR 592.6 billion; IDR -590.8 billion in the regular market, and IDR -1.8 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBCA (IDR 114.9 billion), followed by BBRI (IDR 112.7 billion), and BMRI (IDR 89.6 billion). The largest foreign inflow in the regular market was recorded by GOTO (IDR 66.5 billion), followed by BRPT (IDR 43.3 billion), and BBNI (IDR 31.2 billion). The top leading movers were GOTO, PANI, TPIA, while the top lagging movers were BYAN, BREN, TLKM.
Both Nikkei (-0.80%) and Kospi (-0.76%) opened lower this morning. We expect the JCI to move down today, given negative sentiments from global and 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.
