The JCI October 3, 2023

𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝟑, 𝟐𝟎𝟐𝟑

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟗𝟏𝟎𝐩𝐭 – 𝟕,𝟎𝟐𝟎𝐩𝐭 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟗𝟔𝟐𝐩𝐭)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐡𝐢𝐠𝐡𝐞𝐫 𝐛𝐲 𝐚𝐫𝐨𝐮𝐧𝐝 𝟎.𝟑%, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐧𝐞𝐰𝐬 𝐭𝐡𝐚𝐭 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐒𝐞𝐧𝐚𝐭𝐞 𝐩𝐚𝐬𝐬𝐞𝐝 𝐭𝐡𝐞 𝐛𝐢𝐥𝐥 𝐭𝐡𝐚𝐭 𝐩𝐫𝐞𝐯𝐞𝐧𝐭𝐬 𝐭𝐡𝐞 𝐚𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐬𝐡𝐮𝐭-𝐝𝐨𝐰𝐧

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

Morning,

The Jakarta Composite Index (JCI) today (10/3) is expected to trade between 6,910pt to 7,020pt to hold ground and be supported by bargain hunters.

Meanwhile, yesterday (10/2) on Wall Street, the DJIA closed lower by 74 points or 0.2% to 33,507pt, while the S&P500 and the Nasdaq Composite closed higher by 0.0% and 0.7%, respectively.

The 10-year US Treasury yield was higher by 12 basis points to 4.692%, its highest level since October 2007.   Similarly, the 2-year Treasury rose by 6 basis points to 5.112%.

Yesterday, the price of the WTI  futures declined by 2.2% to USD88.8/barrel, mainly on profit-taking along with a higher USD Index that reached its year-to-date high. Meanwhile, the USDIDR closed at IDR15,519 vs. IDR15,487 the previous one.

 Cheers,