The majority of global stock exchanges started this week in the green zone. Meanwhile, even though the US stock market was closed on (15/02/2021), the Dow Jones Futures index still indicated further rally after breaking new record highs. The increase in oil prices which penetrated USD 60/barrel and the optimism of the stimulus package which is currently being discussed at the congress are some of the strengthening sentiments for the market.
From the domestic market, JCI was able to continue strengthening by increasing 0.77% to 6,270, even though foreign investors were recorded to have sold net. Investors will pay close attention to companies’ financial statements and the announcement of the BI-7DRRR interest rate this week. As for today, JCI is expected to move in the range of 6,200-6,330.
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