The JCI December 5, 2023

𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟓, 𝟐𝟎𝟐𝟑

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟕,𝟎𝟏𝟎 – 𝟕,𝟏𝟗𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟎𝟗𝟒 𝐩𝐨𝐢𝐧𝐭𝐬)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐥𝐨𝐰𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟓%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧 𝐭𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐫𝐞𝐭𝐫𝐞𝐚𝐭 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠  𝐟𝐢𝐯𝐞 𝐜𝐨𝐧𝐬𝐞𝐜𝐮𝐭𝐢𝐯𝐞 𝐩𝐨𝐬𝐢𝐭𝐢𝐯𝐞 𝐰𝐞𝐞𝐤𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐬𝐭𝐨𝐜𝐤 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞𝐬

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

Morning,

The Jakarta Composite Index (JCI) today (12/5) is expected to trade in the range of 7,010 – 7,190 points to attempt higher with the support of bargain hunters.

Meanwhile, yesterday (12/4) on Wall Street, the DJIA closed lower by 41 points or 0.1% to 36,204 points, while the S&P500 and the Nasdaq Composite closed higher by 0.5% and 0.8% respectively.

The yield of the 10-year  US  Treasury Note rose 4 basis points to 4.259%, while the yield on the 2-year Treasury bond increased by 8 basis points to 4.4633%.

Yesterday, the WTI futures closed lower by 0.5% at USD73.7/barrel, mainly on demand concerns against the latest weaker manufacturing indexes in many major economies. Meanwhile, the USDIDR closed at IDR15,446 vs. IDR15,524 the previous one.

Cheers,