Selective Buyings Support JCI to Strengthen


The selective buying action by market participants led to the strengthening of the Jakarta Composite Index(JCI) at the opening of trading Tuesday (10/8) by 11.88 points.

"The government has decided to extend Community Activity Restriction PPKM Level 2-4 starting from August 10-16, 2021 in Java and Bali, until August 23 outside Java-Bali. We expect the JCI to move mixed in today's trading," said PT Samuel Sekuritas Research in Jakarta.

Meanwhile, at the opening of trading on Tuesday, the JCI rose 11.88 points (0.19%) to a level of 6139.34. Meanwhile, the leading stock index LQ45 rose 3.22 points (0.39%) to 834.96.

For global conditions, the US stock market closed mixed overnight where the Dow Jones index fell 0.3%, the S&P 500 fell 0.09%, and the Nasdaq rose 0.16%.

There was profit-taking after the index touched a new record last week, accompanied by concerns about spreading the Delta variant of the COVID-19 virus.

M


Penulis : Widya