Wall Street again posted a significant gain in trading (05/11/2020). Investors are still keeping a close watch on the vote counting process, which is ongoing in 5 states. Market players consider the possibility of a split parliamentary composition to be an ideal scenario, as it will hamper policy changes that have the potential to be impartial to investors.
Meanwhile, the JCI managed to close sharply higher, in line with almost all global exchanges. This increase was also accompanied by a return of foreign funds which recorded a net buy of IDR711 billion. Technically, JCI has managed to penetrate the resistance area, with the opportunity to continue strengthening to the level of 5,310.
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