JCI Is Opened To Strengthen At The Beginning Of The Week, Positive Feelings Lifted From Global

JAKARTA - The Composite Stock Price Index (JCI) opened higher earlier this week. JCI opened at the level of 6,679.62.

On Monday, July 3 at 9.10 WIB, the JCI opened up 17.74 points or 0.27 percent to 6,679.62.

This is in accordance with Samuel Sekuritas' research, where the JCI is predicted to strengthen. This strengthening is in line with the mixed sentiment of the movement of global exchanges and regional exchanges.

At the close of last Friday, the US market moved higher. Dow Jones strengthened 0.84 percent, S&P 500 strengthened 1.23 percent, and Nasdaq strengthened +1.45 percent.

Nasdaq recorded the best performance since 1983, and S&P recorded its first half of its best year since 2019. The Asia-Pacific market is expected to open with mixed conditions due to the release of various manufacturing activity reports throughout the region.

One of the most important reports to observe is China's Caixin manufacturing purchasing index which is scheduled to be released today. Yield UST 10Y rose 0.57 percent at the level of 3.841 percent, and USD index weakened 0.42 percent to the level of 102.91.

The Asian stock moved sideways on Friday, June 30, Kospi strengthened 0.56 percent, Nikkei weakened 0.14 percent, Hang Seng weakened 0.09 percent, and Shanghai strengthened 0.62 percent.

Previously, the JCI closed down 0.04 percent to the level of 6,661.9. The Indonesian Sharia Stock Index (ISSI) also weakened 0.34 percent to the level of 198.9.

Foreign investors on Tuesday recorded an overall net buy of IDR 77.7 billion. In the regular market, foreign investors recorded a net buy of IDR 174.4 billion, and the negotiation market recorded a foreign net sell of IDR 96.7 billion.

In addition, the top sector gainer is the IDXFIN sector, while the top losing sector comes from IDXENER. The issuer's top leading movers is BMRI, MEGA, BBCA, while the issuer's top lagging movers are BYAN, GOTO, PTBA.

The commodity market was observed to strengthen on Friday; WTI oil rose 1.12 percent to USD level 70.64 per bbl, Brent strengthened 0.75 percent to USD level 74.9/bbl, coal prices rose 2.32 percent at the level of 149.7 US dollars tonnes, nickel weakened 0.97 percent to the level of 20.434 US dollars and CPO rose 0.75 percent to the MYR level of 3.783.