Wall Street continued its decline on (23/02), marked by the Nasdaq which fell 2.57%. Ukraine declared a state of emergency after Russian military forces reportedly moved towards the east of the country. The US issued further sanctions targeting Russia’s Nord Stream 2 gas pipeline, while the price of energy commodities was observed to rise again.
Domestically, the JCI once again recorded a new closing high of 6,920, supported by net purchases by foreign investors of IDR 967 billion. Commodity prices that continued to rally became one of the positive catalysts for the movement of the stock exchange. For today, the benchmark index has the opportunity to strengthen within the range of 6,900 – 7,000.
Download full report HERE.