Wall Street closed lower at the end of November after posting a significant rally. The decline also occurred in almost all major markets in the world. Market players are seen realizing their profits by taking advantage of the upward momentum in the stock market that occurred during the past month.
In line with global stock exchanges, the JCI was also hit by profit taking in November, marked by foreigners making net sales of IDR3.2 trillion. Today, investors will be watching the release of economic data such as the inflation rate and manufacturing PMI. The JCI movement will try to survive above the next support level at 5,577.
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