JCI Might Decline Today
US stocks closed higher on Monday (11/6): Dow Jones +0.10%, S&P 500 +0.18% and Nasdaq +0.30%. Stocks managed to secure modest increases on Monday, building on the momentum from last week's robust rally (Nasdaq posted its longest positive streak since January). The UST 10Y yield rose +1.77% (+0.081 bps) to 4.654%, and the USD Index rose +0.16% to 105.29.
Commodity market closed mixed on Monday (11/6): WTI oil +0.39% to USD 80.82/bbl, coal -2.86% to USD 119.00/ton, nickel +1.31% to USD 18,436, CPO -0.27% to MYR 3,752, and gold -0.71% to USD 1,985.00/toz.
Asian markets closed higher on Monday (11/6); Nikkei +2.4%, Hang Seng +1.7%, Shanghai +0.9%, and KOSPI +5.7%. JCI ended Monday’s session at 6,878.8 (+1.33%), with foreign investors recording an overall net buy of IDR 269.4 billion; IDR 466.9 billion in the regular market, and IDR -197.5 billion in the negotiated market. The largest foreign inflow in the regular market was recorded by BBCA (IDR 171 billion), followed by GOTO (IDR 130.6 billion), and BBRI (IDR 81.7 billion). The largest foreign outflow in the regular market was recorded by BBNI (IDR 45.7 billion), followed by UNTR (IDR 29.4 billion), and CUAN (IDR 21.2 billion). The top leading movers were GOTO, BBRI, and BBCA, while the top lagging movers were AMRT, TPIA, and CARE.
Regional markets opened lower this morning: Nikkei fell -0.67%, and Kospi fell -1.76%. We expect the JCI to decline today, given negative sentiments from regional markets.
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