Profit Takings Seen to Overshadows JCI Movement


Jakarta - The Jakarta Composite Index at the opening of trading on Thursday (7/10) corrected 2.41 points in line with the potential for profit taking by market participants.

"Technical aspects, the index in today's trading is expected to fluctuate. The JCI, which closed significantly higher in yesterday's trade, is expected to move relatively neutral and potentially experience selling pressure triggered by profit-taking," said PT UOB Researcher Kay Hian Sekuritas in Jakarta.

Meanwhile, at the opening of trading this Thursday, the JCI weakened 2.41 points (0.04%) to 6,414.91. Meanwhile, the leading stock index LQ45 fell 0.94 points (0.1%) to 927.13.

On the global markets, the Dow Jones and Nasdaq indices in overnight trading finally closed up 0.3% and 0.47%, respectively. The rebound in global indices was in line with increasing investor optimism about the agreement on the US debt ceiling and buying of technology shares.

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