Indonesian Market Recap
JCI was capable of rallying amid the release of maintainable inflation of May. Top Gainers : Infrastructure (+2.74%), Misc Industries (+1.43%), Mining (+1.29%).

Today’s Outlook: : Positive Sentiment of May’s Inflation
We estimate JCI to rally with the support range of 5979-5984 and resistance range of 6068-6081. The positive sentiment derived from May’s inflation of 3.23% lower than April’s inflation of 3.41%. The low inflation occurred during Ramadhan month. It showed the government’s success in controlling good prices. On the other side, the core inflation of 2.75% hiking from 2.69% showed the momentum of recovery in public consumption remained.

Download full report HERE.