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Indonesia Market Recap JCI was bearish yesterday amid jitters of unachieveable 2017’s economic growth target. Top Losers : Misc Industries (-1.22%), Infrastructure (-0.90%), Consumer (-0.50%). |
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Today’s Outlook: Continuous Rally in Crude We estimate JCI to rally with the support range of 6334-6339 and resistance range of 6403-6413 by today. The continuous rally in crude price hitting the 3-year-highest level constitutes as the global positive sentiment. Besides, the rally in crude price is also followed by the rally in energy commodity and metal prices indicating the recovery in global economy. From domestic, the consistency in foreign net buy since the early of 2018 shows foreign investors’ optimism towards shares market conditions in 2018. |
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