The US markets rose simultaneously at the close of trading (02/09). The increase was supported by the energy sector, which was able to rebound in line with rising world commodity prices. Investors’ focus will be on the release of August non-farm payrolls data which has the potential to influence the Federal Reserve’s decision making process.
From the domestic market, JCI continued its decline for the second day; with foreign investors posting a net sell of IDR 91 billion. Investors still tend to wait and see amid the lack of positive catalysts in early September. Towards the end of the week, the JCI’s movement has a chance for a technical rebound with a projected movement at 6,000 – 6,169.
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