The downward trend in the US stock market continued at the beginning of the week (14/02), with the S&P500 closing by 0.38% lower. The geopolitical conflict in Ukraine is still the dominant sentiment, along with news of the imminent Russian invasion. Meanwhile, the price of crude oil rose again by up to 2% in response to a potential supply disruption.
In line with the movement of global stock markets, JCI also experienced a 1.19% contraction to 6,734. Investors tend to be wary of external pressures, particularly tensions between Ukraine and Russia; it was noted that only the energy sector was still able to strengthen. After closing the gap at the 6,731-6,748 area yesterday, the benchmark index will try to rebound with the projected range of movement at 6,700-6,875.
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