The JCI March 19, 2024

𝐌𝐚𝐫𝐜𝐡 𝟏𝟗, 𝟐𝟎𝟐𝟒

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞:𝟕,𝟐𝟓𝟎 – 𝟕,𝟑𝟖𝟎 𝐩𝐨𝐢𝐧𝐭𝐬  (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟑𝟎𝟑 𝐩𝐨𝐢𝐧𝐭𝐬)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟔%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐨𝐩𝐭𝐢𝐦𝐢𝐬𝐦 𝐨𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐞𝐜𝐨𝐧𝐨𝐦𝐲 𝐚𝐬 𝐭𝐫𝐚𝐝𝐞𝐫𝐬 𝐰𝐚𝐢𝐭𝐢𝐧𝐠 𝐟𝐨𝐫 𝐬𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐡𝐢𝐧𝐭𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐜𝐨𝐮𝐧𝐭𝐫𝐲’𝐬 𝐦𝐨𝐧𝐞𝐭𝐚𝐫𝐲 𝐩𝐨𝐥𝐢𝐜𝐲 𝐭𝐨𝐦𝐨𝐫𝐫𝐨𝐰 (𝟑/𝟐𝟎)

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

Morning,

The Jakarta Composite Index (JCI) today (3/19)  is expected to trade in the range of  7,250 – 7,380 points to attempt higher with the support of bargain hunters.  

Meanwhile, yesterday (3/18) on Wall Street, the DJIA closed higher by 76 points or 0.2%  to  38,790 points. The S&P500 and the Nasdaq Composite closed higher by 0.63% and 0.82%, respectively. The US central bank the Federal Reserve begins its two-day FOMC policy meeting today (3/19).

Yesterday, the yield of the 10-year  US  Treasury was higher by 3 basis points to 4.33%. The 2-year Treasury yield was last 1  basis point higher at 4.73%.

Yesterday,  the WTI futures contract for April rose by 1.9% to USD82.58/barrel, mainly boosted by the latest signs of higher demand against the sector’s under-balanced supply side. Meanwhile, the USDIDR closed at IDR15,672 vs. IDR15,624.

Cheers,