The US markets closed lower on Friday trading (11/20/2020). Market participants are still weighing the spike in new Covid-19 cases and the sentiment for vaccine developments. Amid this decline, investors are looking at stay at home shares like Zoom and Netflix.
Over the past week, the JCI was still able to continue its rally supported by the cut in BI-7DRRR interest rate. However, this momentum seems to start to weaken along with the increase in Covid-19 cases in Jakarta. After experiencing a rally for almost 2 months, JCI may decline this week with a movement range of 5,400-5,600.
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