The JCI May 9, 2023

𝐌𝐚𝐲 𝟗, 𝟐𝟎𝟐𝟑

* 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞:𝟔,𝟕𝟐𝟎𝐩𝐭 – 𝟔,𝟖𝟖𝟎𝐩𝐭   (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟔,𝟕𝟕𝟎𝐩𝐭)

* 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐦𝐨𝐝𝐞𝐬𝐭𝐥𝐲 𝐜𝐡𝐚𝐧𝐠𝐞𝐝, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐚𝐬 𝐭𝐫𝐚𝐝𝐞𝐫𝐬 𝐚𝐫𝐞 𝐜𝐚𝐮𝐭𝐢𝐨𝐮𝐬𝐥𝐲 𝐥𝐨𝐨𝐤𝐢𝐧𝐠 𝐚𝐡𝐞𝐚𝐝 𝐭𝐨 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐀𝐩𝐫𝐢𝐥’𝐬 𝐜𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐩𝐫𝐢𝐜𝐞 𝐢𝐧𝐝𝐞𝐱 𝐫𝐞𝐩𝐨𝐫𝐭 𝐬𝐥𝐚𝐭𝐞𝐝 𝐟𝐨𝐫 𝐫𝐞𝐥𝐞𝐚𝐬𝐞 𝐭𝐨𝐦𝐨𝐫𝐫𝐨𝐰 (𝟓/𝟏𝟎)

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

Morning,

The Jakarta Composite Index (JCI) today (5/9) is expected to trade between 6,720pt–6,880pt to attempt higher and be supported by bargain hunters.

Yesterday (5/8) on Wall Street, the DJIA closed lower by 56 points or 0.2% to 33,619pt, while the S&P500 and the Nasdaq closed higher by 0.1% and 0.2%, respectively.

Meanwhile, the 10-year US Treasury closed higher by 5.5 basis points at 3.501%. The yield on the 2-year Treasury climbed more than 4 basis points at 3.966%.

Yesterday, the price of WTI closed higher by 2.5% to USD73.1/ barrel, sustaining the previous day’s rebound mainly on the US strong April job data.  Meanwhile, the USDIDR closed at IDR14,709 vs. IDR14,674  the previous one.

Cheers,