The regular trading session on Wall Street closed due to Martin Luther King Jr. Day. Dow Jones futures strengthened following Donald Trump's inauguration as President of the United States for a second term. The market anticipates measures from Trump to boost U.S. economic growth, particularly in the banking and energy sectors. Additionally, news that Trump will not impose new tariffs on his first day in office has been viewed positively. In his speech, Trump indicated that he would implement tariffs and taxes on foreign nations to benefit American citizens. Furthermore, he plans to declare a national energy emergency aimed at reducing high costs, which would expand the president’s legal options to allow drilling in Alaska and other regions. Other executive actions expected on Monday may address business deregulation and immigration restrictions.

The JCI closed up 0.23% at 7,170 on Monday, January 20, 2025. The technology sector recorded the largest gains, while the non-cyclical consumer sector experienced the most significant corrections. Foreign investors recorded a net sell of IDR 276.27 billion, including in the non-regular market. For today’s trading, the JCI is expected to move within a support range of 7,150/7,100 and a resistance range of 7,200/7,230. Stock picks include: BBRI, BBNI, BRIS, JPFA, CPIN, MDKA, BREN, BRPT.

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