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Indonesia Market Recap JCI rallied yesterday as the mining sector rallied after the global oil price was in rebound range. Top Gainers : Mining (+1.64%), Misc Industries (+1.52%), Consumer (+1.20%). |
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Today’s Outlook: Upward Forex Reserve We estimate JCI to lower with the support range 6237-6243 and resistance range of 6341-6348. The U.S. private sector adding 250,000 jobs in December constitutes as a global sentiment. Agus Martowrdjojo, Bank Indonesia’s Governor stating December’s forex reserve topping USD130 million (vs USD126 in November) constitutes as a positive domestic sentiment. |
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