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Indonesian Market Recap JCI continued to rally within 4 back-to-back days amid the window dressing by investors. Top Gainers : Infrastructure (+1.41%), Basic Industry (+1.37%), Finance (+1.04 %). |
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Today’s Outlook: The Last Day of 2017 We estimate JCI to rally with the support range of 6261-6269 and resistance range 6350-6364. The window dressing by investors is estimated to continue as it is supported by the conducive domestic and global circumstances. From domestic outlook, Bank Indonesia estimated that Indonesia’s economic growth reaches 5.8%. From global outlook, the positive sentiment derives from the robust movement of commodities price. |
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