Wall Street managed to post a slight rebound at closing (29/09), after having fallen the previous day. US Treasury yields, which have rallied in the past week, are starting to stabilize at around 1.5%. Meanwhile, the US Senate is scheduled to vote on raising the debt ceiling, to avoid the threat of a government shutdown.
From the domestic market, the JCI managed to strengthen significantly, supported by foreign net buys which reached IDR 1.69 trillion. The industrial sector led the gains with an increase of 4.19%; supported by big cap stocks such as ASII and UNTR. For today, JCI is expected to be able to maintain a higher range of movement at 6,100 – 6,250.
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