The JCI November 7, 2023

𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟕, 𝟐𝟎𝟐𝟑

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟖𝟐𝟎 – 𝟔,𝟗𝟐𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟖𝟕𝟗 𝐩𝐨𝐢𝐧𝐭𝐬)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟐%, 𝐬𝐥𝐨𝐰𝐢𝐧𝐠 𝐝𝐨𝐰𝐧 𝐨𝐧 𝐠𝐚𝐢𝐧𝐬 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐩𝐫𝐞𝐯𝐢𝐨𝐮𝐬 𝐫𝐚𝐥𝐥𝐢𝐞𝐬 𝐨𝐧 𝐡𝐢𝐠𝐡𝐞𝐫 𝐜𝐡𝐚𝐧𝐜𝐞 𝐨𝐟 𝐥𝐞𝐬𝐬 𝐡𝐚𝐰𝐤𝐢𝐬𝐡 (𝐧𝐨𝐰 𝐚𝐭 𝟗𝟑% 𝐯𝐬 5𝟖% 𝐚 𝐦𝐨𝐧𝐭𝐡 𝐚𝐠𝐨) 𝐥𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐦𝐞𝐚𝐬𝐮𝐫𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒)

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

Morning,

The Jakarta Composite Index (JCI) today (11/7) is expected to trade in the range of 6,820 – 6,920 points to attempt higher with the support of bargain hunters.

Meanwhile, yesterday (11/6) on Wall Street, the DJIA closed higher by 35 points or 0.1% to 34,096pt, while the S&P500 and the Nasdaq Composite closed higher by 0.2% and 0.3% respectively.

The yield of the 10-year  US  Treasury Note rose 9 basis points to 4.649% while the yield on the 2-year Treasury bond was last trading higher by 10 basis points to 4.941%.

Yesterday, the WTI futures closed higher by 0.4% to USD80.8/barrel, mainly on a technical rebound following a loss of 2.8% in the previous close.   Meanwhile, the USDIDR closed at IDR15,550 vs. IDR15,771  the previous one.

Cheers,