The stock market was still able to continue strengthening to a limited extent on (26/10); marked by the S&P 500 which was up 0.18%. Investors seemed to appreciate the companies’ ability to maintain margins and overcome supply chain problems. Meanwhile, the US Consumer Confidence Index (CCI) was reported to have jumped to 113.8; far exceeding expectations of 108.

Domestically, JCI managed to rebound, supported by foreign buy worth IDR 773 billion. The Health Sector recorded the highest sectoral increase at 2.69%; due to the rally of stocks such as KLBF, SIDO, and IRRA. For today, JCI still has a limited chance to strengthen with an estimated range of movement in the area of 6,638-6,687.

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