Research & Stock Picks

Daily Report

27 September 2023

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JCI Might See Another Decline Today

US stocks closed lower on Tuesday (9/26): Dow Jones -1.14%, S&P 500 -1.47% and Nasdaq -1.57%. The market was dragged down (Dow experienced its worst day since March) by negative sentiment after the latest home sales and consumer confidence data (both of which missed expectations) fueled concerns over the state of the US economy. UST 10Y yield rose +0.04% (+0.002 bps) to 4.54%, and USD Index rose +0.039% to 105.9.

 

Commodity market was quite mixed: WTI oil +0.70% to USD 90.4/bbl, coal +1.42% to USD 160.7/ton, nickel +0.39% to USD 19,999, CPO -0.70% to MYR 3,688, and gold -0.83% to USD 1,919/toz.

 

Asian markets closed lower: Nikkei -1.11%, Hang Seng -1.48%, Shanghai -0.43%, and EIDO -2.28%. JCI ended yesterday’s session at 6,923.8 (-1.07%), with foreign investors recording an overall net sell of IDR 658.7 billion; IDR 496.6 billion net sell in the regular market, and IDR 162.1 billion net buy in the negotiated market. The largest foreign inflow in the regular market was recorded by BBNI (IDR 320.6 billion), followed by MBMA (IDR 52 billion), and BRPT (IDR 31.4 billion). The largest foreign outflow in the regular market was recorded by BBRI (IDR 469.9 billion), followed by BBCA (IDR 187.7 billion), and GOTO (IDR 99.2 billion). The top leading movers were CPIN, AMRT, and KLBF, while the top lagging movers were BBRI, BRPT, and BMRI.

 

Both NIKKEI (-1.06%) and KOSPI (-0.66%) went down this morning. We expect the JCI to decline today, given negative sentiments from global and regional markets.

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RSH-230927
RSH-230927 - English

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