The JCI November 17, 2023

𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟏𝟕, 𝟐𝟎𝟐𝟑

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟖𝟖𝟎 – 𝟕,𝟎𝟏𝟎 𝐩𝐨𝐢𝐧𝐭𝐬(𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟗𝟓𝟖 𝐩𝐨𝐢𝐧𝐭𝐬)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐚𝐥𝐦𝐨𝐬𝐭 𝐮𝐧𝐜𝐡𝐚𝐧𝐠𝐞𝐝, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧 𝐬𝐨𝐟𝐭𝐞𝐫 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝐟𝐢𝐠𝐮𝐫𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐜𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐚𝐧𝐝 𝐩𝐫𝐨𝐝𝐮𝐜𝐞𝐫 𝐩𝐫𝐢𝐜𝐞 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒)

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

Morning,

The Jakarta Composite Index (JCI) today (11/17) is expected to trade in the range of 6,880 – 7,010 points to attempt higher with the support of bargain hunters.

Meanwhile, yesterday  (11/16) on Wall Street, the DJIA closed lower by 46 points or 0.1% to 34,946 points, while the S&P500 and the Nasdaq Composite both closed higher by 0.1%.

The yield of the 10-year  US  Treasury Note fell by 9 basis points to 4.45%, while the yield on the 2-year Treasury bond declined 7  basis points to 4.85%.

Yesterday, the WTI futures closed lower by 4.9% at USD72.9/barrel, mainly on demand concerns as the latest data of crude refining throughput in China slowed 2.8% in October to the equivalent of 15.1mn barrels per day from a record high in September. Meanwhile, the USDIDR closed at IDR15,595 vs. IDR15,503  the previous one.

Cheers,