The JCI November 30, 2023

𝐍𝐨𝐯𝐞𝐦𝐛𝐞𝐫 𝟑𝟎, 𝟐𝟎𝟐𝟑

• 𝐓𝐡𝐞 𝐉𝐂𝐈 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐫𝐚𝐧𝐠𝐞: 𝟔,𝟗𝟔𝟎 – 𝟕,𝟏𝟐𝟎 𝐩𝐨𝐢𝐧𝐭𝐬 (𝐘𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐜𝐥𝐨𝐬𝐞: 𝟕,𝟎𝟑𝟔 𝐩𝐨𝐢𝐧𝐭𝐬)

• 𝐖𝐚𝐥𝐥 𝐒𝐭𝐫𝐞𝐞𝐭 𝐞𝐧𝐝𝐞𝐝 𝐰𝐢𝐭𝐡 𝐦𝐚𝐣𝐨𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐧𝐝𝐞𝐱𝐞𝐬 𝐜𝐥𝐨𝐬𝐞𝐝 𝐚𝐥𝐦𝐨𝐬𝐭 𝐟𝐥𝐚𝐭, 𝐦𝐚𝐢𝐧𝐥𝐲 𝐛𝐞𝐢𝐧𝐠 𝐬𝐮𝐩𝐩𝐨𝐫𝐭𝐞𝐝 𝐛𝐲 𝐭𝐡𝐞 𝐫𝐞𝐥𝐞𝐚𝐬𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬 (𝐔𝐒) 𝐆𝐃𝐏 𝐠𝐫𝐨𝐰𝐭𝐡 𝐟𝐨𝐫 𝐭𝐡𝐞 𝟑𝐐𝟐𝟑, 𝐚𝐭 𝟓.𝟐% 𝐘𝐨𝐘, 𝐨𝐫 𝐡𝐢𝐠𝐡𝐞𝐫 𝐭𝐡𝐚𝐧 𝟒.𝟗% 𝐘𝐨𝐘 𝐢𝐧 𝐭𝐡𝐞 𝐩𝐫𝐞𝐯𝐢𝐨𝐮𝐬 𝐜𝐚𝐥𝐜𝐮𝐥𝐚𝐭𝐢𝐨𝐧

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

Morning,

The Jakarta Composite Index (JCI) today (11/30) is expected to trade in the range of 6,960 – 7,120 points to attempt higher with the support of bargain hunters.

Meanwhile, yesterday (11/29) on Wall Street, the DJIA closed higher by 13 points or 0.04% to 35,430 points, while the S&P500 and the Nasdaq Composite closed lower by 0.1%, and 0.2% respectively.

The yield of the 10-year  US  Treasury Note fell by  7  basis points to 4.267%, while the yield on the 2-year Treasury bond was down 9 basis points to 4.648%.

Yesterday, the WTI futures closed higher by 2.1% at USD77.9/barrel, mainly as traders were factoring in further supply cut, to be determined in the OPEC+ meeting today.  Meanwhile, the USDIDR closed at IDR15,384 vs. IDR15,450 the previous one.

Cheers,