MARKET REVIEW
JCI fell 0.38% to 6,437 after reversing an early rally that lifted the index to 6,535. Selling in large-cap banks and technology-related names weighed on the close, with BBCA, BMRI, DCII and TLKM among the largest index drags, while BYAN and AMMN partly offset losses. Infrastructure (-1.39%), technology (-1.13%) and cyclicals (-1.12%) led sector declines.
Asian equities were mostly higher ahead of the Federal Reserve decision. KOSPI gained 1.37%, Shenzhen 1.33%, Nikkei 0.69%, Sensex 0.43%, ASX 200 0.28% and Hang Seng 0.19%, while Thailand’s SET fell 0.92%. Investors remained cautious as US Treasury yields stayed elevated and oil remained above USD 100/barrel.
European markets opened firmer, with DAX up 0.45%, CAC 40 0.19% and STOXX 600 0.14%, while FTSE 100 was flat. The move reflected tentative risk-on positioning ahead of the Fed decision, though inflation concerns from elevated energy prices remained a key overhang.
NEWS HIGHLIGHTS
- Global – Saudi Halts Oil Exports After Attack
- Global – Grab Plans Full Atome Financial Takeover
- BEI – Prepares 35 LQ45 Short-Sell Stocks
- BEI – Sets IDR 1 Share Floor
- OJK – Tin to Lead ICOMEX Trading
- Domestic – Revises Low-Grade Nickel Pricing Formula
- BYAN – RKAB Review Targeted This Week
- EDGE – Parent Provides USD 50mn Facility
- IDEA – Nawasena Seeks 66.58% Control
- KLBF – Cancels IDR 500bn Share Buyback
- LPKR – Cancels Treasury Shares on Pricing
- SMRA – Pledges Cooperation After KPK Case
Regards, Aldiracita Research
