Wall Street closed slightly lower in trading (27/01/2021). The market seems to be starting to show concern about the global Covid-19 cases that have surpassed the 100 million mark. Meanwhile, the new stimulus package is still getting resistance from the Republican Party, so President Biden has expressed his willingness to negotiate.
Domestically, the JCI continued to weaken, marked by a drop in prices of second-tier state-owned companies. However, positive news came from foreign investors who still booked a net buy of IDR 346 billion. Technically, the JCI tends to fluctuate with a range of movements at the level of 6,090-6,400.
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