Approaching the second week of August, JCI’s movement may potentially be influenced by domestic sentiments. Firstly, investors will wait for more companies to report their Q2/2021 performance. Up until August 6, 2021, only around a third of all emitents have released their financial reports Secondly, the survey result release of the Consumer Confidence Index for July 2021 may decline to the pessimistic zone after the restriction on social and economic activity. Market participants will also pay close attention to the decision on the status of PPKM extension that is scheduled to end this week.
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