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JCI Might Decline Today
US stocks closed mixed on Tuesday (5/30): Dow Jones -0.15%, S&P 500 +0.00%, and Nasdaq +0.32%. The market felt some pressure due to concerns that US Congress may reject the tentative deal on the US debt ceiling amid growing opposition within the GOP. Concerns about the possibility of another rate hike also weighed on the market. The UST 10Y yield fell -1.96% to 3.69%, and the USD Index slipped -0.04% to 104.2.
Commodity market closed mostly lower on Tuesday (5/30): WTI oil fell -4.57% to USD 69.61/bbl, coal fell -3.95% to USD 135/ton, nickel declined -0.24% to USD 21,045, and CPO fell -3.95% to MYR 3,405. Gold rose +0.78% to USD 1.977/toz.
Asian markets closed mostly higher: Nikkei +0.3%, Hang Seng +0.24%, Shanghai +0.09%. EIDO slipped -0.08%, and JCI fell -0.67% to 6,636.4, with foreign investors recording an overall net buy of IDR 432 billion; IDR 366.2 billion in the regular market, and IDR 65.8 billion in the negotiated market. The largest foreign inflow in the regular market was recorded by BBCA (IDR 442.9 billion), followed by GOTO (IDR 154.2 billion), and BMRI (IDR 77.2 billion). The largest foreign outflow in the regular market was recorded by TLKM (IDR 157.4 billion), followed by BBNI (IDR 59.5 billion), and ASII (IDR 24.3 billion). The top leading movers were BBCA, GOTO, and BUKA, while the top lagging movers were BYAN, TLKM, and BBRI.
Both Nikkei (-1.01%) and KOSPI (-0.07%) opened lower this morning. We expect the JCI to decline 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.
