JCI’s movement this week is predicted to still lack positive sentiment, with no schedule of economic data releases for the end of 2021. Market participants will still pay close attention to the number of cases after the discovery of Indonesia’s first Omicron Covid-19 case in Indonesia. Entering the end of year period, Indonesia’s stock market is also expecting the return of Window Dressing action which has always historically been able to boost JCI around Christmas (Santa Claus Rally).
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