US stock markets closed mixed for the last trading day of Q1/2021, with S&P 500 approaching a record high. The gain was led by mega-cap technology stocks, following news of Microsoft getting a big contract from the US military. Investors will be closely watching the Biden administration’s more than USD 2 trillion worth of infrastructure stimulus package, which will be announced today.
The decline in the JCI in March caused the benchmark index to close the first quarter with only a slight increase of 0.11%. The rise of negative sentiment from the global, as well as news of BPJS-TK’s plan to reduce the share of investment in stocks and mutual funds were still weighing factors. Entering the new quarter, JCI has the opportunity for a technical rebound with a range of movements in the 5,950 – 6,060 ranges.
Download full report HERE.
