Wall Street was still able to continue rally at the closing (08/12), led by Nasdaq which rose 0.64%. Pharmaceutical companies, Pfizer and BioNTech, announced that a third-dose of the vaccine can neutralize the Omicron variant based on laboratory tests. Investors are also keeping a close eye on a rally in the 10-year US Treasury yield which breached the 1.5% level.

From the domestic market, the JCI movement closed sideways in the midst of foreign net buys worth IDR2.5 trillion in all markets. Bank Indonesia noted that the Consumer Confidence Index for November 2021 period rose to 118.5. Technically, the movement of the benchmark index still has a limited chance of strengthening with a projected range of movement at 6,550-6,650.

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