JCI Tends to Weaken Following Global Exchanges

JCI fell back into the red zone after opening up to the level of 6,839.98.

Rep: Retno Wulandhari/ Red: Friska Yolandha

Workers view screens of stock price movements at the Indonesia Stock Exchange building, Jakarta, Friday (8/4/2022). JCI fell back into the red zone after opening up to the level of 6,839.98.

Armfalcon.com, JAKARTA — The Composite Stock Price Index (IHSG) moved mixed in early trading today, Wednesday (5/4/2023). JCI fell back into the red zone after opening up to the level of 6,839.98.


JCI is projected to tend to weaken today due to pressure from profit-taking. “JCI is prone to profit taking, from overbought conditions and Long Legged Doji Candles,” said BNI Sekuritas Head of Technical Research Andri Zakarias Siregar, Wednesday (5/4/2023).


Yesterday the stock exchanges in the Asia Pacific region recorded mixed movements. Several stock exchanges that recorded significant increases include the STI Index and the Nikkei. Meanwhile, the exchanges that were corrected included the Hang Seng.


South Korea reported March 2023 inflation of 4.2 percent on an annual basis, below expectations. Australia sets interest rates at 3.6 percent. Today New Zealand will set interest rates which are expected to rise 25 basis points to five percent.


From the United States (US), the Dow Jones Industrial Average index closed lower by 0.59 percent overnight. Likewise with the S&P 500 which fell by 0.58 percent and the Nasdaq index corrected by 0.52 percent.


According to Andri, investors are monitoring the surge in oil prices and its impact on the global economy. European stocks moved mixed with the DAX Performance Index rising 0.14 percent while the CAC 40 fell 0.01 percent.



source: ekonomi.republika.co.id

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