CSA Index July 2024: Market Optimism Stable Amidst Challenges

The CSA Index for July 2024 was recorded at 61, a slight increase from the previous month (60). Market optimism remains stable even though the exchange rate and interest rates are the main challenges. JCI managed to penetrate the 7000 level in June with an increase of 1.33%, but the consensus estimates that the JCI will be at level 6994 in July. The leading sectors for this month are financials, energy and basic materials. Optimism for the next 12 months is increasing, with the JCI target at 7412, reflecting an increase of 4.93% from the end of June

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