The JCI December 28. 2023

𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟐𝟖, 𝟐𝟎𝟐𝟑

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟕,𝟏𝟕𝟎 – 𝟕,𝟑𝟎𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 ( 𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟐𝟒𝟔 𝐩𝐨𝐢𝐧𝐭𝐬 )

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟐% , 𝐦𝐚𝐢𝐧𝐥𝐲 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐩𝐫𝐨𝐬𝐩𝐞𝐜𝐭 𝐨𝐟 𝐥𝐨𝐰𝐞𝐫 𝐩𝐨𝐥𝐢𝐜𝐲 𝐫𝐚𝐭𝐞𝐬 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 (12/28) is expected to trade in the range of  7,170 – 7,300 points to attempt higher with the support of bargain hunters.

Meanwhile, yesterday  (12/27) on Wall Street, the DJIA closed higher by 111 points or 0.3% to 37,656 points, while the S&P500 and the Nasdaq Composite closed higher by 0.14% and 0.16%, respectively.

The yield of the 10-year  US  Treasury note dropped by 10 basis points to 3.789%, while the yield on the 2-year Treasury bond declined 2 basis points to 4.238%.

Yesterday, the WTI futures contract closed lower by 1.9% at USD74.1/barrel, mainly on supply prospects along with news of the plan on the recommencement of shipments through the Suez Canal and the Red Sea after weeks of halt. \Meanwhile, the USDIDR closed at IDR15,414 vs. IDR15,489 the previous one.

Cheers,