US stock markets managed to rebound on trading closing (21/04/2021), at the same time ending the declining trend that had occurred during the previous 2 days. Investors are returning to buy stocks that have a strong correlation with economic recovery. The release of financial statements for the first quarter of 2021 is still the market’s main focus amid the lack of other catalysts.
The continuing downward trend of JCI has brought the benchmark index back below the psychological level of 6,000. Market players seem to have responded negatively to the revised economic growth from Bank Indonesia, which is now projected at 4.1% – 5.1%. Towards the end of the week, JCI is still potentially under pressure with a range of movement at 5,900 – 6,044.
Download full report HERE.
