JCI Might Strengthen
US stocks closed higher last night: Dow Jones +1.67%, S&P 500 +1.96% and Nasdaq +2.43%. US stocks simultaneously moved higher, driven by technology stocks, and in line with the release of META's financial reports, which were above market expectations, META shares rose +13.3%. The 10Y UST yield rose +2.4% to 3.53, and the USD Index rose +0.04% to 101.5.
The commodity market showed mixed movements: oil rose +0.62% to USD 74.7/bbl, coal fell -0.11% to USD 190/ton, nickel strengthened +1.99% to USD 24,131.5, and CPO fell -3.25% to MYR 3,455. Meanwhile, the price of gold fell -0.16% to the level of USD 1,996.7/toz.
Asian markets yesterday (27/4) closed higher: Nikkei rose +0.14%, Hang Seng strengthened +0.42%, Shanghai strengthened +0.67%, while EIDO closed higher +1.85%. JCI closed up +0.51% to a level of 6,945.5, with foreign investors recording a total net buy of IDR 397.5 billion. In the regular market, foreign investors recorded a net buy of IDR 355.8 billion, and in the negotiating market, a net buy of IDR 41.7 billion was recorded. The highest foreign net buys in the regular market were recorded by BBRI (IDR 368.9 billion), BBCA (IDR 111.9 billion), and UNVR (IDR 110.3 billion). The highest foreign net sellers in the regular market were GOTO (IDR 148.5 billion), UNTR (IDR 141.4 billion), and MBMA (IDR 83.3 billion). The top leading movers are BYAN, BBRI, GOTO, while the top movers are TLKM, BBCA, AMRT.
This morning, the Nikkei opened up +0.82% and the KOSPI opened up +0.64%. We estimate that the JCI will strengthen today, along with global and regional sentiments.