Wall Street closed mixed in trading (17/06); which was marked by an increase in Nasdaq by 0.87%. Market participants are seen again making purchases on megacap technology stocks after the release the Fed’s meeting results. This rotation occurred in line with the decline in the yield of the 10-year US Treasury to around 1.5%.
Domestically, JCI continued its sideways movement; after Bank Indonesia, as expected, continued to hold the benchmark interest rate. Investors will be watching the impact of the surge in Covid-19 cases; especially in the DKI Jakarta area. Towards the end of the week, JCI will try to break out of the consolidation range at 6,034 – 6,134.
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