Research & Stock Picks

Morning Briefs

28 November 2023

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JCI Might Book Another Positive Session Today (28/11/2023)

JCI Might Book Another Positive Session Today

 

US stocks closed mixed on Monday (11/27); Dow Jones -0.16%, S&P 500 -0.20%, and Nasdaq -0.07%. Investors are closely monitoring the impact of Cyber Monday, particularly on e-commerce-related stocks, including Amazon and Shopify. The UST 10Y yield fell -1.86% (-0.083 bps) to 4.389%, while the USD index fell -0.16% to 103.2.

 

Commodity market closed mostly lower on Monday (11/27); WTI oil -0.90% to USD 74.86/bbl, coal -0.31% to USD 127.5/ton, CPO -0.05% to MYR 3,888, and gold +0.47% to USD 2,033.0/toz.

 

Asian stocks closed lower on Monday (11/27): Kospi -0.70%, Nikkei -0.53%, Hang Seng -0.20%, and Shanghai -0.30%. JCI ended the day at 7,013.4 (+0.05%), with foreign investors recording an overall net buy of IDR 831.2 billion; IDR 688.5 billion in the regular market, and IDR 142.7 billion in the negotiated market. The largest foreign inflow in the regular market was recorded by BBNI (IDR 136.6 billion), followed by ASII (IDR 106.6 billion), and FILM (IDR 88.3 billion). The largest foreign outflow in the regular market was recorded by BBCA (IDR 93.1 billion), followed by BREN (IDR 25 billion), and INCO (IDR 17.3 billion). The top leading movers were AMMN, TLKM, and MBMA, while the top lagging movers were DCII, BBRI, and BREN.

 

Both Nikkei (+0.07%) and Kospi (+0.64%) opened higher this morning. We expect the JCI to book another positive session today, supported by positive sentiments from regional markets.

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