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Indonesia Market Recap JCI lowered on Friday, 04/12/2018 even though Moody’s upgraded Indonesian government bonds’ rating. Top Losers : Miscellaneous Industries (-2.00%), Infrastructure (-1.97%), Consumer (-1.28%). |
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Today’s Outlook: Trade Balance Today, we estimate JCI to rally with the support range of 6235-6244 and resistance range of 6323-6335. Today’s main sentiment derives from the release of March’s trade balance performance. It is estimated that the trade balance likely posted deficit due to the consistent uptrend of high import as of November 2017. However, the consistency in high import also signed the more active domestic economic activities. From global outlook, investors need to eye further development of geopolitical turmoil in the Middle East. |
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