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Indonesia Market Recap JCI continued to rally yesterday amid the release of upward forex data and improving consumers’ confidence index. Top Gainers : Mining (+2.57%), Property (+1.73%), Agriculture (+1.22%). |
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Today’s Outlook: Lustrous Commodities Sector We estimate JCI to rally with the support range of 6350-6354 and resistance range of 6415-6422. A positive sentiment comes from the commodity sector. The Financial Minister, Sri Mulyani, stated that the agricultural and mining sectors will boost 2018’s economic growth. Besides, the continuous rally in global commodities prices constitutes as a positive sentiment. Besides, the release of today’s survey of retail sales by Bank Indonesia is required to be oversee by investors. |
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