Indonesian Market Recap
JCI dived yesterday. Investors negatively reacted to the Fed’s officials after FOMC meeting. Top Losers : Infrastructure (-3.20%), Mining (-3.04%), Consumer (-2.86%).
Today’s Outlook: Awaits Crucial Data to Be Released Next Week
Today we estimate JCI to move moderately with the support range of 5813-5827 and resistance range of 5885-5894. Investors’ appetites are estimated to be still sluggish after JCI dived yesterday. Investors likely await the Indonesia’s economic growth data and forex reserve to be released next week. Besides, investors will digest the global sentiment deriving from the talks between the U.S. and China discussing trade negotiation to be held on Friday, 05/04.
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