Wall Street indices closed higher, driven by actions and policies on international trade implemented by President Trump on his first day in office, which were less aggressive than previously feared. Small-cap stocks also saw gains. Trump announced that he is considering imposing a 25% tariff on Mexico and Canada starting February 1. Additionally, Trump stated that the U.S. could impose tariffs on China if an agreement on TikTok is not reached. Meanwhile, crude oil prices weakened due to concerns over the import tariffs that Trump may implement and his plans to increase U.S. crude oil production. Gold prices strengthened, driven by increased demand for safe-haven assets and a weakening of the U.S. dollar.

The JCI closed higher by 0.15% at 7,181 on Tuesday, January 21, 2025. The infrastructure sector recorded the biggest gains, while the property sector experienced the largest correction. Foreign investors recorded a net sell of IDR 383.17 billion, including in the non-regular market. For today’s trading, the JCI is expected to move within a support range of 7,150/7,100 and a resistance range of 7,220/7,250. Stock picks: BBNI, BRIS, JPFA, CPIN, BREN, BMRI, TLKM, ISAT, ICBP, INDF.

• DNET's subsidiary secured a credit facility with a plafond of IDR 5.9 trillion from BMRI and BRIS.
• Two subsidiaries of TAPG entered into an affiliated transaction, agreeing to a loan facility of IDR 400 billion.
• ARTO completed the Phase I, Period II MESOP program with 4.319 million shares exercised at a price of IDR 2,150 per share.
• CSAP established a new subsidiary, PT Kairos Indah Sejahtera, which will engage in wholesale trade, including construction materials such as glass, tiles, and similar products.
• RUNS formed a new subsidiary to strengthen its enterprise software platform business.

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