Market Review
Wall Street advanced on Friday, with the S&P 500 up 1.08%, the Nasdaq gaining 1.91%, and the Dow Jones adding 0.14%, as risk appetite improved. In Europe, the FTSE 100 slipped 0.35% and the EuroStoxx 50 eased 0.48%, with sentiment held back by lingering Middle East tensions.
Brent crude rose to USD 81.44/barrel, up 1.1%, while WTI climbed 2.1% to USD 77.44/barrel, lifted by fresh geopolitical risk after renewed US threats against Iran. Gold fell for a third week to around USD 4,156/oz, pressured by a stronger dollar and hawkish Fed expectations.
The JCI edged up 0.08% to 6,177 on Friday in subdued trade. The rupiah was around IDR 17,710/USD. Foreign investors recorded net sells of roughly IDR 3.2 trillion on the session.
News Highlights
- ANTM – Re-enters Three ESG KEHATI Indices
- BEEF – SimInvest Initiates Buy, Target Rp235
- EMMI – Sets IPO Price at Rp446 to Rp515
- FITT – To Sell Hotel Asset, Enter Nickel
- KETR – IMBS Plans Rp520B Tender Offer
- MPIX – Acquires 60% of MCA for Rp28.7B
- PZZA – Global Acquisition Not Affecting Operations
- SOLA – Deploys Up to Rp40B Capex
Regards, Aldiracita Research