The JCI October 9, 2023

𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝟗, 𝟐𝟎𝟐𝟑

•  𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟖𝟒𝟎𝐩𝐭 – 𝟔,𝟗𝟖𝟎𝐩𝐭 (𝐅𝐫𝐢𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟖𝟖𝟗𝐩𝐭)

•  𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟏.𝟐%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐛𝐚𝐜𝐤𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫’𝐬 𝐜𝐨𝐨𝐥𝐢𝐧𝐠 𝐰𝐚𝐠𝐞/𝐡𝐨𝐮𝐫 𝐝𝐚𝐭𝐚 𝐭𝐡𝐚𝐭 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐬 𝐛𝐲 𝟎.𝟐% 𝐦𝐨𝐧𝐭𝐡-𝐨𝐯𝐞𝐫-𝐦𝐨𝐧𝐭𝐡 𝐚𝐧𝐝 𝟒.𝟐% 𝐲𝐞𝐚𝐫 𝐨𝐯𝐞𝐫 𝐲𝐞𝐚𝐫

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐢𝐬 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐟𝐥𝐮𝐜𝐭𝐮𝐚𝐭𝐞 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐬𝐭𝐚𝐛𝐥𝐞 𝐔𝐒𝐃𝐈𝐃𝐑 𝐚𝐧𝐝 𝐨𝐢𝐥-𝐜𝐥𝐨𝐬𝐞

Morning,

The Jakarta Composite Index (JCI) today (10/9) is expected to trade between 6,840pt to 6,980pt to attempt higher and be supported by bargain hunters.

Meanwhile, Friday last week (10/6) on Wall Street, the DJIA closed higher by 288 points or 0.9% to 33,408pt, while the S&P500 and the Nasdaq Composite closed higher by 1.2% and 1.6%, respectively.

The 10-year US Treasury yield rose by 10 basis points to 4.804%, its highest level since 2007.   Similarly, the 2-year Treasury increased by 6  basis points to 5.08%.

Last week the price of the WTI  futures climbed by 4.3% to USD86.3/barrel, mainly on an immediate sentiment from a sudden invasion of Palestine’s Hamas to Israel over the weekend.   Meanwhile, the USDIDR closed at IDR15,628 vs. IDR15,601 the previous one.

Cheers,