The JCI December 15, 2023

𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟏𝟓, 𝟐𝟎𝟐𝟑

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟕,𝟏𝟐𝟎 – 𝟕,𝟐𝟔𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟏𝟕𝟔 𝐩𝐨𝐢𝐧𝐭𝐬)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟑%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐫𝐞𝐥𝐞𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐫𝐞𝐭𝐚𝐢𝐥 𝐬𝐚𝐥𝐞𝐬 𝐝𝐚𝐭𝐚 𝐟𝐨𝐫 𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫

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

Morning,

The Jakarta Composite Index (JCI) today (12/15) is expected to trade in the range of 7,120 – 7,260 points to attempt higher with the support of bargain hunters.  The JCI today is expected to respond to Indonesia’s trade data for November, widely expected to be in a net surplus but at a lower amount compared to October’s of USD3.48bn.

Meanwhile, yesterday (12/14) on Wall Street, the DJIA closed higher by 158 points or 0.4% to 37,248 points, while the S&P500 and the Nasdaq Composite closed higher by 0.3% and 0.2%, respectively. The US November retail sales data came in stronger than expected yesterday.

The yield of the 10-year  US  Treasury Note was down by 11 basis points to 3.922%, while the yield on the 2-year Treasury bond was last traded lower by 9 basis points to 4.39%. The yield of the 2-year bond had fallen by as many as 25 basis points earlier in the day.

Yesterday, the WTI futures contract for January gained to close by 3.04% at USD71.6/barrel, also being supported by demand prospects along with the latest demand upward revision by the US International Energy Agency. Meanwhile, the USDIDR closed at IDR15,493 vs. IDR15,614 the previous one.

Cheers,