The three major US markets scored record highs again at trading closing (20/01/2021), coinciding with the inauguration of Joe Biden as the 46th President of the US. Investors have high hopes for a new stimulus package and a better handling of the Covid-19 pandemic. Meanwhile, several technology companies have also released solid financial reports.
Domestically, optimism in the new US administration has also had a positive impact on the JCI rate. This can be seen from the actions of foreign investors who still booked net buy in large cap stocks. Today, investors will be watching the release of the Bank Indonesia Board of Governors Meeting results with a projection of JCI movement in the range 6,382-6,472.
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