All three major US indexes rose in trading (05/08); with S&P 500 and Nasdaq closing at new record highs. The market received positive sentiment from the news that a USD 1 trillion infrastructure budget package would soon be agreed. The number of weekly jobless claims was reported to have decreased slightly to 385 thousand.

Domestically, JCI continued to strengthen for the fourth day in a row; supported by increases in big caps banking stocks. Towards the weekend, the attention of investors will be on the commencement of the Bukalapak stock listing; with the largest IPO value in the history of the IDX. Technically, JCI still has a chance to rise again with a range of movement at 6,140-6,260.

Download full report HERE.