The JCI November 24, 2023

𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟐𝟒, 𝟐𝟎𝟐𝟑

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟖𝟓𝟎 – 𝟕,𝟎𝟖𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟎𝟎𝟒 𝐩𝐨𝐢𝐧𝐭𝐬 )

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐰𝐚𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐟𝐨𝐫 𝐩𝐮𝐛𝐥𝐢𝐜 𝐡𝐨𝐥𝐢𝐝𝐚𝐲

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

Morning,

The Jakarta Composite Index (JCI) today (11/24) is expected to trade in the range of 6,850 – 7,080 points to attempt higher with the support of bargain hunters.

Asia-Pacific markets opened higher as investors assessed key economic data from Japan today.  Japan’s headline inflation rate for October came in at 3.3%, accelerating from the 3% seen in the month before.

The WTI futures, in the last close, fell 0.9% at USD77.1/barrel, mainly on the news that the meeting of OPEC+ to discuss the plan for further supply cuts has been delayed to November 30, from the previous schedule on November 26.  Meanwhile, yesterday, the USDIDR closed at IDR15,593 vs. IDR15,584 the previous one.

Cheers,