04 Feb 25
Market Review and Prediction
The Wall Street indices closed lower due to negative sentiment caused by the 25% import tariffs imposed by the Trump administration on products from Mexico and Canada, as well as 10% on China. However, Trump later postponed the implementation of the import tariffs on Mexico and Canada for 30 days, which led to a rise in Dow Jones futures. Meanwhile, gold prices strengthened, reaching their highest levels amid increased demand for safe-haven assets.
The JCI closed down 1.3% at 7030 on Monday, February 3, 2025. The healthcare sector experienced the largest correction, while the technology sector was the only one to gain. Foreign investors net sold IDR 274.79 billion, including in the non-regular market. For today’s trading, JCI is expected to move within a support range of 7000/6970 and a resistance range of 7050/7080. Stock picks: BBNI, BBCA, BBRI, BRIS, UNTR, TLKM, TPIA.
NEWS:
• BMHS plans to acquire 99.99% of PT Medika Sejahtera Bersama shares for IDR 38.99 billion.
• DRMA is diversifying by developing energy storage battery products from solar panels.
• SMIL will increase its contribution from renting out electric forklifts, which have higher margins.
• HRTA has postponed the issuance of its Stage II Sustainable Bonds 2025, valued at IDR 100 billion.
• A subsidiary of MEDC is offering sukuk wakalah worth IDR 1.15 trillion.
The Wall Street indices closed lower due to negative sentiment caused by the 25% import tariffs imposed by the Trump administration on products from Mexico and Canada, as well as 10% on China. However, Trump later postponed the implementation of the import tariffs on Mexico and Canada for 30 days, which led to a rise in Dow Jones futures. Meanwhile, gold prices strengthened, reaching their highest levels amid increased demand for safe-haven assets.
The JCI closed down 1.3% at 7030 on Monday, February 3, 2025. The healthcare sector experienced the largest correction, while the technology sector was the only one to gain. Foreign investors net sold IDR 274.79 billion, including in the non-regular market. For today’s trading, JCI is expected to move within a support range of 7000/6970 and a resistance range of 7050/7080. Stock picks: BBNI, BBCA, BBRI, BRIS, UNTR, TLKM, TPIA.
NEWS:
• BMHS plans to acquire 99.99% of PT Medika Sejahtera Bersama shares for IDR 38.99 billion.
• DRMA is diversifying by developing energy storage battery products from solar panels.
• SMIL will increase its contribution from renting out electric forklifts, which have higher margins.
• HRTA has postponed the issuance of its Stage II Sustainable Bonds 2025, valued at IDR 100 billion.
• A subsidiary of MEDC is offering sukuk wakalah worth IDR 1.15 trillion.
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Published on 2025-02-04 07:42:59 (GMT +7)