The Dow Jones index posted gains at the close (06/25/2020) after opening lower in early trade. This strengthening was led mainly by the trading sector. The rebound in oil price and the release of unemployment numbers that matched expectations have eased fears of the second wave of Corona for the time being.
For the domestic market, the JCI movements towards the end of the week will still be shrouded by sentiments from the IMF projection that the global economy growth will experience a contraction of up to -4.9%. At the market closing yesterday, foreign investor continued sales, reaching IDR225 billion.
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