Investors Still Watching Domestic Economic Data
Over the weekend, the yield on the benchmark 10-year series of Government Bonds (SUN) rose more than 2 bps to 6.44%.
Over the weekend, the yield on the benchmark 10-year series of Government Bonds (SUN) rose more than 2 bps to 6.44%.
The movement of the stock market this week may potentially be influenced by domestic economic data.
JCI managed to record the highest closing at the end of last week, with a 0.71% strengthening to the level of 6,741.
The benchmark index is likely to move higher within the range 6650 – 6750.
Earlier in the week, the yield on Government Bonds (SUN) series FR0091 closed at 6.42%.
JCI closed 0.22% lower on (31/01) to 6,631; thus cumulatively increased by 0.75% over the past month.
On the other hand, market participants are also keeping a close eye on rising geopolitical tensions in Ukraine. Benchmark Government Bond (SUN) yields closed mixed, with yields on FR0091 at 6.44%.
The movement of JCI in the next week may potentially be influenced by some domestic sentiments.
The benchmark index will try to maintain the positive trend with a projected range of movement at 6,600-6,727.