The JCI June 6, 2023

𝐉𝐮𝐧𝐞 𝟔, 𝟐𝟎𝟐𝟑

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟓𝟖𝟎𝐩𝐭 – 𝟔,𝟕𝟏𝟎𝐩𝐭 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟔𝟑𝟑𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐥𝐨𝐰𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟑%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧 𝐭𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐫𝐞𝐭𝐫𝐞𝐚𝐭 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐭𝐡𝐞 𝐩𝐫𝐞𝐯𝐢𝐨𝐮𝐬 𝐫𝐚𝐥𝐥𝐲 𝐨𝐧 𝐭𝐡𝐞 𝐝𝐞𝐚𝐥 𝐜𝐥𝐨𝐬𝐢𝐧𝐠 𝐨𝐟 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐝𝐞𝐛𝐭-𝐥𝐢𝐦𝐢𝐭 𝐫𝐞𝐯𝐢𝐬𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐨𝐧𝐠𝐫𝐞𝐬𝐬

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐚𝐢𝐧 𝐚𝐧 𝐞𝐝𝐠𝐞 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐬𝐭𝐚𝐛𝐥𝐞 𝐔𝐒𝐃𝐈𝐃𝐑 𝐚𝐧𝐝 𝐨𝐢𝐥-𝐜𝐥𝐨𝐬𝐞

Morning,

The Jakarta Composite Index (JCI) today (6/6) is expected to trade between 6,580pt–6,710pt to attempt higher in volatile trading and supported by bargain hunters.

The JCI today is expected to also be supported by the rebound of USDIDR as well as thermal-coal price.

Meanwhile, yesterday (6/5) on Wall Street, the DJIA closed lower by 200 points or 0.6% to 33,563pt, while the S&P500 and the Nasdaq closed lower by 0.0% and 10.1%, respectively.  The 10-year US Treasury yield was last traded flat at 3.698%.  The yield on the 2-year Treasury was last trading lower by 3 basis points at 4.472%.

Yesterday, the price of WTI closed higher by 0.4% to USD72.0/ barrel, mainly on Saudi Arabia’s decision to add production cut by 1mn barrels/day, effective July. Meanwhile, the USDIDR closed at IDR14,888 vs. IDR15,003  the previous one.

Cheers,