Wall Street managed to rebound at the beginning of the week (29/11); with all three major indexes closing in the green. The technology sector has become a pillar of strength amid concerns over the impact of the Omicron Covid-19 variant. Market sentiment was supported by pharmaceutical company Moderna which said it could make adjustments to their vaccine to counter the new variant.
From the domestic market, JCI was able to go up 0.71% to 6,608; in the midst of foreign net sell which reached IDR 1.17 trillion. Market participants will pay close attention to the latest developments regarding the Omicron variant, after WHO stated that this variant caused a potential spike in infections. For today, the benchmark index is expected to fluctuate again in the range of 6,550 – 6,750.
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