The three main US markets simultaneously rose slightly at trade closing (29/06). Investors welcomed the plans of big banks to increase dividend payments. On the other hand, the US Consumer Confidence Index (CPI) reportedly jumped to 127.3, the highest level since February 2020.
From the domestic market, the increase in the non-cyclical consumer sector index succeeded in leading the rally in JCI. The market will still be overshadowed by the government’s plan to enforce a more stringent PPKM Mikro policy. Towards the end of semester I/2021, JCI will try to continue strengthening with a projected range of movement at 5,913 – 6,130.
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