The JCI December 11, 2023

𝐋𝐀𝐓𝐄 𝐏𝐎𝐒𝐓

𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟏𝟏,𝟐𝟎𝟐𝟑

• *𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟕,𝟏𝟏𝟎 – 𝟕,𝟐𝟒𝟎 𝐩𝐨𝐢𝐧𝐭𝐬(𝐅𝐫𝐢𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟏𝟔𝟎 𝐩𝐨𝐢𝐧𝐭𝐬)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟒%,𝐦𝐚𝐢𝐧𝐥𝐲 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐛𝐞𝐭𝐭𝐞𝐫 𝐭𝐡𝐚𝐧 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐧𝐨𝐧𝐟𝐚𝐫𝐦 𝐩𝐚𝐲𝐫𝐨𝐥𝐥𝐬 𝐢𝐧 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫

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

Morning,

The Jakarta Composite Index (JCI) today (12/11) is expected to trade in the range of 7,110 – 7,240 points to attempt higher with the support of bargain hunters.

Meanwhile, on Friday last week (12/8) on Wall Street, the DJIA closed higher by 131 points or 0.4% to 36,248 points, while the S&P500 and the Nasdaq Composite closed higher by 0.4% and 0.5% respectively.

The yield of the 10-year  US  Treasury Note was higher by 10 basis points to 4.233%, while the yield on the 2-year Treasury bond was trading higher by 14 basis points to 4.725%.

Last week, the WTI futures closed lower by 2.73% at USD71.2/barrel, mainly on news on the supply cut for the 1Q24 by OPEC+  and higher than expected  US nonfarm payrolls in November.  Meanwhile, the USDIDR closed at IDR15,500 vs. IDR15,504 the previous one.

Cheers,