Market Review
US equities closed mixed on Tuesday as Trump’s announcement of military strikes on Iran disrupted an intraday recovery. The S&P 500 fell 0.26%, the Nasdaq declined 0.97%, while the Dow Jones edged up 0.17%, supported by non-tech components. In Europe, the STOXX 600 ended subdued, with energy-sensitive sectors pressured by renewed Middle East tensions driving oil price volatility.
Brent crude settled at USD 94.3/barrel, down 3.0% on the session, though WTI rebounded as after-hours US strikes on Iran reignited Strait of Hormuz supply disruption fears. Gold fell to USD 4,336/oz, down 1.8%, weighed by rising inflation expectations and higher Fed rate-hike probability. Coal firmed to USD 151.3/ton, up 0.7% day-on-day on tighter global supply.
The JCI surged approximately 6.5% to 5,747 on June 9, recovering sharply from recent lows after Bank Indonesia surprised markets with an interest rate hike and coordinated domestic banking sector support. The rupiah steadied near IDR 18,132/USD. Foreign investors recorded net sells of IDR 2,445.5 billion on the session.
News Highlights
- Global – US Launches Strikes on Iran
- Global – Emerging Assets Rebound Before US CPI
- DGNS – Completes Phase II Non-Preemptive Share Issuance
- ESSA – BAP Ammonia Plant Back Fully Operational
- INPS – Plans Holding Company Business Expansion
- IBST – PT Iforte Files Voluntary Tender Offer
- BINA – Shareholders Approve 80 Million Share Placement
- IPCM – Allocates Rp74 Billion Capex for New Vessel
- MOLI – Rp350 Billion Capex to Expand Ethanol Capacity
- PGUN – Targets Rp973 Billion Revenue in 2026
Regards, Aldiracita Research
