Dow Jones and S&P500 started the week (25/10) with new record closing highs. Investors’ optimism continues to be supported by companies that have reported their quarterly performance, where most managed to beat analyst estimates. Meanwhile, the price of crude oil rose again to its highest position in 7 years, accompanied by producers with not plan to increase output.
From the domestic stock exchange, JCI started the week in the red zone, although foreign investors still recorded a net buy of IDR 3 trillion. The technology sector experienced significant gains after a sharp rise in EMTK and BUKA stocks. For today, JCI has the potential to experience a technical rebound with a projected range of movement at 6,600-6,750.
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