Global Factors May Lend Support for JCI to Strengthen


The Jakarta Composite Index (JCI) on Monday (26/7) has the potential to strengthen by moving within the support and resistance range of 6030-6175.

"Global factors, the Dow Jones and Nasdaq indices at the end of last week's trading closed up 0.68% and 1.04%, respectively, are expected to provide a little positive sentiment to the IDX market this morning," said PT UOB Researcher Kay Hian Sekuritas in Jakarta.

He explained that the global strengthening reflected the rebound in the 10-year US Treasury yield to 1.28% after previously touching the 1.13% level and the positive response of investors to the solid earnings performance report of issuers in the technology sector.

Meanwhile, the government has again extended the Emergency Community Activity Restriction (PPKM) for another week, and it is predicted that its effect will tend to be neutral.

The declining hospital occupancy rate indicates a decline in high-risk COVID-19 patients a


Penulis : Widya