The JCI May 14, 2024

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𝐌𝐚𝐲 𝟏𝟒, 𝟐𝟎𝟐𝟒

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• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞:𝟕,𝟎𝟏𝟎 – 𝟕,𝟏𝟗𝟎 𝐩𝐨𝐢𝐧𝐭𝐬  (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟎𝟗𝟗 𝐩𝐨𝐢𝐧𝐭𝐬)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞 𝐟𝐥𝐚𝐭𝐥𝐢𝐧𝐞, 𝐚𝐥𝐬𝐨 𝐨𝐧 𝐭𝐡𝐞 𝐬𝐮𝐩𝐩𝐨𝐫𝐭 𝐨𝐟 the view of  a  𝐬𝐭𝐢𝐥𝐥-𝐚-𝐫𝐚𝐭𝐞-𝐜𝐮𝐭  𝐭𝐡𝐢𝐬 𝐲𝐞𝐚𝐫 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒)

• 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 (5/14)  is expected to trade in the range of  7,010 – 7,190 points to attempt higher with the support of bargain hunters.  

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Meanwhile, yesterday  (5/13) on Wall Street, the DJIA closed lower by 81 points or 0.21%  to  39,432 points. The S&P500 and the Nasdaq Composite closed lower by 0.02% and higher by 0.29%, respectively.

The yield of the 10-year  US  Treasury lost 2 basis points to 4.485%. The 2-year Treasury yield was lower by 1 basis point to 4.861%.

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Yesterday, the US West Texas Intermediate futures for June settlement, closed higher by 0.8%  at USD78.92/barrel, also on the latest news on fiscal stimulus worth USD139bn in China.  Meanwhile, the USDIDR closed at IDR16,085 vs. IDR16,081.

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Cheers,