Last week, Dow Jones and S&P 500 still booked significant gains each by 4% and 2.2%. This reflected the investors’ interest in non-technology shares. This was supported by Nasdaq’s 0.6% decline last week.
In the domestic market, although still increased weekly, JCI’s movement started to halt towards the end of the week. This week, investors will look forward to the release of Current Account, and the Bank Indonesia Board of Governors meeting result announcement. The market is expected to consolidate in the range of 5,400-5,500.
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