Bullish Outlook for Jakarta Composite Index in 2022, Is 7.000 on the Horizon?

Analysts believe combined economic growth momentum and commodity boom will fuel up JCI performance towards the 7.000 mark.

Bisnis.com, JAKARTA - Investors are more bullish for Jakarta Composite Index (JCI) outlook in 2022, as Indonesia's benchmark index saw a 10,08 percent growth in 2021 – the best among other indices in the region.

Combined economic growth momentum and commodity boom will fuel up JCI performance towards the 7.000 points. The US Federal Reserve bond purchase tapering or the 7-Day Reserve Repo Rate (7-DRRR) hike will have minimal impact on the composite index movement.

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