US stock market closed slightly higher at the trading closing (24/09/2020), marked by a technical rebound after the deep decline that occurred the previous day. The market has received some positive news regarding the formulation of a stimulus policy package of USD2.2 trillion which can be passed as soon as next week.

From the domestic market, today’s JCI movement will try to stay above the support level of 4,800, since it is in a downward trend that has occurred since early September. Investors will weigh the effects of a strict PSBB extension in Jakarta until 11 October 2020.

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