US stocks showed minimal movement on Monday (5/8); Dow -0.17%, S&P 500 +0.05%, and Nasdaq +0.18%. S&P 500 futures fell slightly on Monday night as traders prepared for inflation data scheduled for release later this week, including the consumer price index (due Wednesday) and the producer price index (Thursday). The UST 10Y yield rose +2.10% to 3.507%, while the USD index rose +0.16% to 101.377.
Commodity market closed higher on Monday (5/8); WTI oil rose +2.31% to USD 72.99/bbl, Brent rose +1.9% to USD 77/bbl, coal closed at USD 169.65/ton, nickel closed at USD 24,713, and CPO rose +4.48% to MYR 3,758. Gold rose +0.18% to USD 2,028/toz.
Asian markets closed mixed on Monday; Hang Seng +0.5%, Shanghai -0.28%. JCI fell -0.27% to 6,769.6. Foreign investors recorded an overall net sell of IDR 461.9 billion; IDR 395 billion in the regular market, and IDR 66.9 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBRI (IDR 155.6 billion), followed by ASII (IDR 148.45 billion), and TLKM (IDR 147.1 billion). The largest foreign inflow in the regular market was recorded by ICBP (IDR 102.3 billion), followed by INDF (IDR 39.7 billion), and ACES (IDR 36.2 billion). The top leading movers were UNTR, ADRO, and INDF, while the top lagging movers were BBRI, TLKM, and MDKA.
Nikkei went up +0.43% this morning, while KOSPI fell -0.24%. We expect the JCI to move sideways today, given mixed sentiments from global and regional markets.
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