Wall Street closed in the red on (13/01), marked by Nasdaq red which fell 2.51%. Investors are seen starting to take profit on technology sector stocks, after three consecutive days of gains. On various occasions, several Federal Reserve officials have reiterated the importance of tightening policies to combat high inflation.
JCI managed to close with a slight rebound of 0.17% to 6,658; having previously declined since the beginning of the week. The infrastructure sector led with a 1.9% gain; while foreign investors recorded a net buy of IDR587.5 billion. Towards the end of the week, the movement of the benchmark index is expected to continue to consolidate in the range of 6,600 – 6,700.
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