Market Update (May 17, 2017)

(OpisBoi‘s Technocopter)¬†JCI failed to gain from the rising crude oil price, however it finally slipped over a soggy macro backdrops as China’s Moderate Growth continues. JCI was weakened for -0.74% sag to 5,647.00 pts, and touched its uptrend support level at 5,645 – 5,650 pts.

There were 177 shares dropped, as selling tension overshadowed on most listed company in the banking sector which retreated for -1,90%. In the meantime, bargain hunting among 148 stock mostly basic-industries and mining sectors which increased respectively by 1.34% and 1.22%, were unable to push the index back to its 5,700s. With a total shares traded around 77,959,543.00 shares, foreign investors made another IDR438.30bn Net Purchased across the board.

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