Indonesian Market Recap
JCI closed slightly higher on Friday, 04/27. Investors start to accumulate the shares dramatically dived in prior trading. Top Gainers : Misc Industries (+1.67%), Finance (+0.77%), Infrastructure (+0.54%).
Today’s Outlook: Awaits Agenda after International Labor Day
Today we estimate JCI to lower slightly with the support range of 5880-5885 and resistance range of 5945-5950. After JCI’s last week tumble, no negative sentiment strikes. However, it is estimated that investors likely perform no active transaction as IDX will be off on Tuesday, 05/01 followed by the important agenda for the release of Indonesia’s inflation and the Fed meeting.
Download full report HERE.
