The JCI February 21, 2024

𝐅𝐞𝐛𝐫𝐮𝐚𝐫𝐲 𝟐𝟏, 𝟐𝟎𝟐𝟒

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞:𝟕,𝟐𝟔𝟎 – 𝟕,𝟒𝟏𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟑𝟓𝟑 𝐩𝐨𝐢𝐧𝐭𝐬)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐥𝐨𝐰𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟔%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐝𝐫𝐚𝐠𝐠𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒)-𝐛𝐚𝐬𝐞𝐝 𝐦𝐚𝐣𝐨𝐫 𝐭𝐞𝐜𝐡 𝐜𝐨𝐮𝐧𝐭𝐞𝐫𝐬 𝐨𝐧 𝐯𝐢𝐞𝐰𝐬 𝐨𝐟 𝐬𝐭𝐫𝐞𝐭𝐜𝐡𝐞𝐝 𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧𝐬

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

Morning,

The Jakarta Composite Index (JCI) today (2/21) is expected to trade in the range of  7,260 – 7,410 points to attempt higher with the support of bargain hunters.

Meanwhile, yesterday  (2/20) on Wall Street, the DJIA closed lower by 64 points or 0.17% to 38,564 points. The S&P500 and the Nasdaq Composite closed lower by 0.6% and 0.92%, respectively.

Yesterday, the yield of the 10-year  US  Treasury was last w basis points lower at  4.275%, while the yield on the 2-year Treasury bond declined by 4 basis points at 4.612%.

Yesterday (2/20) the WTI futures contract for March lost 1.28% to USD78.2/barrel, mainly on supply concerns along with the latest news about the attack of the Houthi on a commercial vessel in Bab el-Mandeb strait in the Middle East. Meanwhile, the USDIDR closed at IDR15,659 vs. IDR15,630 the previous one.

Cheers,