Wall Street ended mixed on trading (19/08), with the S&P500 and Nasdaq successfully booking slight rebounds. The increase was supported by the technology sector, while energy, material goods and financial stocks tended to weaken. Market sentiment is still clouded by the possibility of the start of tapering later this year, as well as the impact of the delta variant on economic recovery.
In line with the majority of regional exchanges, JCI also declined, triggered by the discourse of the Fed’s tapering. All sectoral indexes closed in the red; while foreign investors still recorded a net buy of IDR 310 billion. Towards the end of the week, JCI is expected to remain volatile at a lower range of 5,950 – 6,160.
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