JCI Might Move Up Today
US stocks closed higher on Monday (7/31); Dow +0.28%, S&P 500 +0.15%, and Nasdaq +0.04%. The upcoming U.S. unemployment report for June, which is scheduled to be released on Friday, is expected to show positive results. However, the Consumer Price Index (CPI) for June, which will be published next week, might indicate an increase in the rate of inflation compared to the same period last year. The UST 10Y yield rose +0.21% (+0.0081 bps) to 3.9588%, and the USD index rose +0.23% to 101.86.
Commodity market moved sideways on Monday (7/31) yesterday; WTI oil +1.51% to USD 81.8/bbl, Brent +1.21% to USD 85.4/bbl, coal -1.35% to USD 140.9/ton, nickel -0.06% to USD 22,293 and CPO -0.6% to MYR 3,829. Gold slipped -0.05% to USD 1,964/toz.
Asian markets closed higher on Monday (7/31); Kospi +0.9%, Nikkei +1.3%, Hang Seng +0.8%, and Shanghai +0.5%. JCI ended the session at 6,931 (+0.5%), with foreign investors recording an overall net sell of IDR 1478.6 billion; IDR -63 billion in the regular market, and IDR -1415.6 billion in the negotiated market. The largest foreign outflow in the regular market was recorded by BBCA (IDR 199.3 billion), followed by TLKM (IDR 116.4 billion), and BBNI (IDR 110.4 billion). The largest foreign inflow in the regular market was recorded by ASII (IDR 277.7 billion), followed by BMRI (IDR 181.8 billion), and KLBF (IDR 69.3 billion). Today's top sector gainer is IDXINDUS sector, while today's top sector loser is IDXENER. Top leading movers are ASII, MDKA, GOTO, while top lagging movers are BBRI, BUMI, ADRO.
Nikkei rose +0.08% this morning and Kospi went up +0.57%. We expect the JCI to move up today, given positive sentiments from global and regional markets.
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