The majority of global stock exchanges closed lower at the beginning of the week (21/02); with the MSCI World Equity index indicator down 0.4%. Market participants are still watching the continuation of the plans of US President Joe Biden and Russian President Vladimir Putin, who reportedly agreed to hold a meeting on the Ukraine crisis. Meanwhile, the price of crude oil rose again after declining last week.
JCI still continued booking its new closing record after rising 0.15% to 6,902 yesterday; with foreign investors posting a net buy of IDR 609 billion. The rally continued even though 7 sectoral indices closed in the red; while the Technology and Finance sectors recorded the highest gains of 2.05% and 0.83%, respectively. Technically, today’s benchmark index is expected to move mixed in the range 6850-6.950.
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