MARKET REVIEW
Wall Street mostly rebounded on Monday as AI and mega-cap tech names recovered from last week’s AI financing sell-off. The S&P 500 rose 0.41% and the Nasdaq gained 1.11%, while the Dow Jones slipped 0.07%. In Europe, the EuroStoxx 50 fell 0.96% and the FTSE 100 lost 1.08%.
Brent crude edged down 0.06% to USD 109.48/barrel as Persian Gulf shipments recovered to about 80% of pre-war levels, offsetting attacks around Hormuz and Saudi Arabia. Gold slipped 0.49% to USD 4,139/oz as hot US inflation data lifted Fed hike bets.
The JCI closed down 3.64% to 4,997 yesterday, extending its slide on MSCI’s proposed Standalone reclassification. The rupiah stood at IDR 18,043/USD, while foreign investors posted net sells of IDR 1.72 trillion. Today, investors will weigh BEI’s plan to drop 80 HSC stocks from the index, a wave of share buybacks and Wall Street’s rebound.
NEWS HIGHLIGHTS
- BEI – To Drop 80 HSC Stocks
- Danantara – Eyes Higher SOE Stakes
- ADRO – Starts IDR 5tn Buyback
- BUKK – Forms Three Renewable Units
- HRTA – Wins Private Placement Approval
- LABA – Forms Battery Leasing JV
- MUTU – Opens Vietnam Branch
- PBSA – Allocates IDR 100bn Buyback
- PGEO – 9M26 Output Hits Record
Regards, Aldiracita Research
