|
Indonesia Market Recap JCI rallied yesterday, it followed the rebound in the regional markets. Meanwhile, investors digested a positive sentiment from the U.S. markets. Top Gainers: Basic Ind (+1.88%), Finance (+0.91%), Manufaktur (+0.61%). Sejalan dengan IHSG, INNI Index bergerak melemah kemarin sebesar -0,23% yang ditekan oleh aksi jual investor asing terhadap saham-saham perbankan seperti BBRI, BBNI, BBCA, dan BMRI yang jika di total jumlah net sell investor asing pada big four banking tersebut mencapai Rp450 miliar. |
|
Today’s Outlook: IMF Warning Today we estimate JCI to lower with the support range of 6260-6265 and resistance range of 6345-6350 and resistance range of 6345-6350. The negative sentiment derives from the IMF report showing the global debt currently hitting the highest record of USD164 trillion (+225%) from 2016 global debt. The global debt in the emerging markets reached virtually 50% of GDP. Compared to the prior backdrop, the current backdrop is a crisis. |
Download full report HERE.
