Indonesian Market Recap
JCI closed lower on Friday, 06/08/2018 before Eid Mubarak holiday. Investors tended to perform wait-and-see act ahead of long holiday. Top Losers : Finance (-3.03%), Infrastructure (-2.45%), Consumer (-1.61%).

Today’s Outlook: : Adjusts to Global Backdrop
We estimate JCI to move modestly with the support range of 5935-5947 and resistance range of 6023-6037. In the first day after Eid Mubarak holiday, investors likely perform wait-and-see act amid varied global backdrop. During the long holidays, negative sentiments such as escalating tension of the U.S. and China trade ware and the looming of 4x hike in 2018 Fed’s rate drive global volatility.

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