The Jakarta Composite Index in today's trading on Friday (30/7) the economic slowdown due to the Covid-19 pandemic remain to overshadow the market.

PT Indosurya Bersinar Sekuritas CEO William Surya Wijaya said the JCI movement seemed to be trying to get out of the expected consolidation range. As long as the JCI has not been able to be maintained above the nearest resistance, the JCI still has the opportunity to move lower.

"The economic slowdown that continues to linger in the real sector also has an impact on the performance of issuers. So that ahead of the release of issuers' performance in the first semester, it is suspected that it will not improve, coupled with the lack of sentiment and the absence of significant capital inflows into the capital market," William said in his research.

William projects that the JCI has the potential to consolidate within the range of 5,948 to 6,123.

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