Dow Jones continues to strengthen in trade (03/08/2020), following the announcement of PMI data which rose to 54.2 or indicating an increase in manufacturing activity. Meanwhile, the Nasdaq index returned to record highs as the rally in technology-based stocks continued.
Domestically, the fall of the JCI yesterday was marked by the release of large amounts of foreign funds reaching IDR1.4 trillion. The recession that has hit various countries and the lockdown policy that was re-imposed in various regions raised concerns for market participants. As for today, JCI is still likely to rebound after it still managed to close above the psychological level of 5,000.
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