The JCI March 21, 2023

𝐌𝐚𝐫𝐜𝐡 𝟐𝟏, 𝟐𝟎𝟐𝟑

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟓𝟖𝟓𝐩𝐭 – 𝟔,𝟕𝟎𝟎𝐩𝐭  (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟔𝟏𝟑𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟏%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐨𝐧 𝐩𝐨𝐬𝐢𝐭𝐢𝐯𝐞 𝐬𝐞𝐧𝐭𝐢𝐦𝐞𝐧𝐭𝐬 𝐩𝐚𝐫𝐭𝐢𝐜𝐮𝐥𝐚𝐫𝐥𝐲 𝐨𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒)  𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐬𝐞𝐜𝐭𝐨𝐫

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

Morning,

The Jakarta Composite Index (JCI) today (3/21) is expected to trade between 6,585pt–6,700pt to attempt higher and be supported by bargain hunters.

Yesterday  (3/20) on Wall Street, the DJIA closed higher by 383 points or 1.2% to 32,245pt, while the S&P500 and the Nasdaq closed higher by 0.9% and 0.4%, respectively.  News on a forced takeover of Credit Suisse by UBS, which was engineered by the Swiss government, was likely behind the main indexes’ rebound for restored confidence.

The 10-year United States Treasury yield rose by 9  basis points to 3.496%.  The yield on the 2-year Treasury was last higher by 11 basis points to 3.96%.

Yesterday, the price of WTI increased by 1.1% to close higher at USD67.5/ barrel, mainly on the technical rebound after diving to their lowest levels in 15 months during the banking sector’s uproar. Meanwhile, the USDIDR closed at  IDR15,364 vs. IDR15,364 the previous one.

Cheers,