The Insider Morning Notes – JCI opens up on hopes UK remains in EU, market volatile looms

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JAKARTA (TheInsiderStories) – Indonesian stock market opened slightly higher on Friday morning (June 24) on market hopes that UK will remain in European Union. UK people went to ballot on Thursday (late night Western Indonesian Time/WIT) to give their votes whether UK will pull out from EU or remain in the Euro zone.

Based on preliminary Brexit vote results at 08.05 WIT, 45.7 percent wants UK to stay in EU and 54.3 percent wants UK to leave EU.

Analysts say the global financial market could be volatile today as the results of the Brexit vote comes out.

At 09.13 a.m., the Jakarta Composite Index (JCI) edged up 2.694 points or up 0.05% at 4,877.003 points. The LQ 45 was up 0.661 points or up 0.080 percent at 831.657.

Overnight, DJIA gained 230.24 points or up 1.29 percent at 18,011.07 points.

William Surya Wijaya, head of research of Asjaya Indosurya Securities, said technically the JCI is likely to move within range of 4,854 support level and 4,911 points resistance level.

Today’s menu  :

– LSIP

– MPPA

– KLBF

– ASRI

– UNVR

– INDF

– BBNI

– BBCA

– MAPI

(*)

 

 

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Source: The Insiderstories
The Insider Morning Notes – JCI opens up on hopes UK remains in EU, market volatile looms

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