JCI Predicted to Survive at 6,000
By : Abraham Sihombing And Aldo Bella Putra | Monday, November 06 2017 - 19:00 IWST
PT Waskita Beton Precast Tbk (WSBP) (Foto Ist)
INDUSTRY.co.id - Jakarta - The Jakarta Composite Stock Price Index (IDX) is expected to maintain its position above the 6,000 level on Monday (06/11/2017) after last weekend able to maintain its position in positive territory.
"The buying action of market participants against large cap stocks and second-tier shares have been able to withstand the decline of the JCI below the level of 5,900 so that it could close above 6,000 by the end of last week," Yuganur Wijanarko said.
PT KGI Sekuritas Indonesia analyst said, the condition can technically make the weekly graphics momentum become more positive so that market participants are advised to accumulate stocks of his choice.
"With the positive momentum, then the next IHSG is expected to move in the range of 6,100-6,175," said Yuganur in Jakarta, Monday (06/11/2017).
Therefore, according to Yuganur, market participants are advised to exploit the condition in order to accumulate its preferred stocks with bright future prospects.
Yuganur recommends BUY on shares of PT Telkom Indonesia Tbk (TLKM), PT Bumi Resources Tbk (BUMI), PT Waskita Beton Precast Tbk (WSBP) and PT Global Mediacom Tbk (BMTR). (Abraham Sihombing)