Indonesian Market Recap
JCI rallied on Friday, 05/25, amid the stable rupiah. Top Gainers : Basic Industry (+1.23%), Finance (+0.95%), Trade (+0.62%).
Today’s Outlook: : BI Meeting
We estimate that today JCI is capable of slightly rallying with the support range of 5940-5947 and resistance range of 6012-6023. Today’s main sentiment derives from the agenda for Bank Indonesia (BI) meeting dated Wednesday, May 30, 2018. The meeting is an additional meeting to BI’s monthly regular meeting. Markets estimate that the meeting will discuss the rising benchmark rate with a view to stabilizing rupiah.
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