Wall Street was still able to gain slightly in trading (08/11), led by Dow Jones which rose 0.29%. Investors welcomed the approval of the US congress’ USD 1 trillion infrastructure package bill. Meanwhile, the energy sector was also driven by the strengthening of crude oil prices; after Saudi Arabia raised the exports sales price to Asian countries.
From the domestic market, JCI started the week with a solid gain of 0.77%; led by the Financial sector which rose 1.61%. Small bank stocks experienced a surge as the deadline for meeting the minimum capital requirement of IDR 2 trillion at the end of 2021 approach. For today, JCI has the opportunity to continue strengthening in the range of 6,550-6,680.
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