MARKET REVIEW
Wall Street rose on Friday as lower oil prices, on signs of US-Iran progress over Gulf naval blockades, eased Treasury yields. The S&P 500 rose 0.51%, the Nasdaq gained 0.48%, and the Dow Jones added 0.93%. In Europe, the EuroStoxx 50 climbed 0.48%, while the FTSE 100 edged up 0.14%.
Brent crude eased on Friday after Iran offered to reopen talks with the US, including on the Strait of Hormuz, but it is now trading at USD 106.24/barrel, up 1.84%. Gold slipped 0.47% to USD 4,268/oz, as a stronger dollar and multi-year-high Treasury yields weighed.
The JCI closed down 0.90% to 6,242 on Friday, weighed by MORA, DSSA, PGEO and ICBP. The rupiah stood at IDR 17,893/USD, firming 0.84% over the week, while foreign investors remained net sellers. Today, investors will weigh Wall Street’s gains, firmer oil prices and the start of BEI’s IDR 1 minimum price rule.
NEWS HIGHLIGHTS
- BEI – Sets IDR 1 Minimum Price
- ANTM – Secures 9 Tons Freeport Gold
- BYAN – RKAB Adds 20mn Tons
- ENRG – Sets IDR 4.12tn Rights Issue
- MBMA – 1H26 Profit Jumps 830%
- MDKA – Swings to 1H26 Profit
- MSKY – Faces New PKPU Petition
- PGEO – Drills Lumut Balai Well
- SILO – Completes IDR 3.5tn Acquisition
- ULTJ – Sets Early-2027 Tender Offer
Regards, Aldiracita Research
