Dow Jones and S&P 500 closed lower in trading (04/08); while Nasdaq rose slightly. The energy sector led the decline amid rising US crude inventories. Meanwhile, private sector employment data is reported to have increased by 330 thousand, but still far below the estimated 690 thousand.
From the domestic market, the positive trend of the JCI continued, accompanied by an increase in trading volume and foreign buying of IDR 357 billion. Investors will pay close attention to the release of Indonesia’s GDP data for the second quarter of 2021, which by consensus is projected to grow 6.7% yoy. Technically, JCI has the opportunity to continue strengthening with a range of movement at 6,100 – 6,226.
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