The repeating decline in the price of technology shares put pressure on Wall Street on (22/02/2021), with Nasdaq corrected by 2.46%. On the other hand, the energy sector was able to post a significant increase, supported by strengthening world oil prices. Investors also see the possibility of inflationary pressure accompanying economic recovery.
The JCI strengthening yesterday occurred amid the decline in the majority of global markets. With the lack of new sentiment, market players will observe developments in the vaccination program as well as the potential for increased demand for credit after the cut in interest rates and the easing of the LTV policy. For today, JCI is expected to consolidate in the range of 6,173 – 6,314.
Download full report HERE.