The JCI April 26, 2024

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𝐀𝐩𝐫𝐢𝐥 𝟐𝟔, 𝟐𝟎𝟐𝟒

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• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞:𝟕,𝟎𝟗𝟎 -𝟕,𝟐𝟒𝟎 𝐩𝐨𝐢𝐧𝐭𝐬  (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟏𝟓𝟓 𝐩𝐨𝐢𝐧𝐭𝐬)

• *𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐥𝐨𝐰𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟕%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐭𝐫𝐢𝐠𝐠𝐞𝐫𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐫𝐞𝐥𝐞𝐚𝐬𝐞 𝐨𝐟 𝐚 𝐥𝐨𝐰𝐞𝐫-𝐭𝐡𝐚𝐧-𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐨𝐟 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐆𝐃𝐏 𝐝𝐚𝐭𝐚 𝐟𝐨𝐫 𝐭𝐡𝐞 𝟏𝐐𝟐𝟒

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

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Morning,

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The Jakarta Composite Index (JCI) today (4/26)  is expected to trade in the range of  7,090 – 7,240 points to attempt higher with the support of bargain hunters.  

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Meanwhile, yesterday (4/25) on Wall Street, the DJIA closed lower by 375 points or 0.98%  to  38,086  points. The S&P500 and the Nasdaq Composite closed lower by 0.46% and 0.64%, respectively. Major indexes responded to the US  gross domestic product (GDP) which expanded by 1.6% in the first quarter, compared to a Dow Jones forecast of 2.4%.

Yesterday, the yield of the 10-year  US  Treasury climbed 6 basis points to 4.702%. The 2-year Treasury yield gained 7 basis points to 4.998%.

Yesterday, the US West Texas Intermediate futures for June settlement, closed higher by 0.92%  at USD83.75 /barrel, also supported by settlement-purpose demand following the release of the US 1Q24 GDP data.  Meanwhile, the USDIDR closed at IDR16,208 vs. IDR16,161.

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Cheers,

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