Wall Street continued its decline in trading (20/04/2021), marked by the weakening of the three markets. The increasing number of global Covid-19 cases put pressure on stocks related to the transportation industry. Meanwhile, investors are seen turning back to defensive sectors such as Consumer and Health.
In line with the majority of global stock markets, pressure is still visible on the domestic stock market. However, after the announcement of Bank Indonesia RDG result, JCI seemed able to reduce the decline until it finally closed with a slight decline of -0.23%. For today, there is a chance for a technical rebound in the benchmark index with a projected range of movement in 5,997 – 6,115.
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