The US markets resumed its significant gains in trading (23/09); led by Dow Jones which went up 1.48%. Investors responded positively to clear signals from the Federal Reserve which is expected to start reducing bond purchases in November. The market also received a gust of fresh air from the news that China’s central bank added 120 billion yuan of liquidity to the banking system.
In line with the global markets, JCI was still able to continue gaining; led by the energy and technology sectors which rose 2.19% and 1.77% respectively. Factors such as the plan to start tapering as well as the development of the situation in China still tend to be more dominant, amidst the lack of domestic sentiment. Towards the end of the week, the JCI still has the potential to strengthen with a range of movement at 6,100-6,180.
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