Wall Street started the week (11/10) with declines in all three major indexes. Investors are beginning to anticipate a slowdown in growth which is projected to be reflected in the financial performance of the third quarter of 2021. Problems in the supply chain and high oil prices are some of the factors that are expected to increase operating costs.
After significantly strengthening in the previous week, JCI closed lower by 0.34%; although foreign investors still booked a net purchase of IDR 903 billion. The technology sector led the decline after falling quite deep by 3.12%. Technically, JCI has the opportunity to experience further decline with a projected range of movement at 6,400-6,500.
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