IHSG Tends to Weak Eight Stocks Proffered

INDUSTRY.co.id - Jakarta - In stock trading, Monday (5/2/2018) stocks that can still be considered include BBRI, CPIN, INDF, JSMR, RALS, ADRO, MEDC, TBIG.

Lanjar Nafi, an analyst at Reliance Sekuritas Indonesia, said that the Jakarta Composite Index (JCI) is expected to weaken.

"Although closed up technically the candlestick pattern formed at the JCI at the weekend formed bearish counter attack pattern with consolidation at MA5.Reochastic indicator is moving bearish while RSI indicator is consolidated with high momentum. Indications weaken strongly enough in trading ahead of the pricing vulnerable 6522-6655," he said in Jakarta, Monday (5/2/2018).

JCI (+ 0.46%) yesterday rose 30.36 points at 6628.82 with miscellaneous industry sector (+ 1.18%) higher on POLY, KBLM and ASII shares. BI said the rupiah's volatility to the USD is quite stable and can be mitigated by foreign capital inflows. Despite this week's trade, foreign investors registered net sell of 778.18 billion rupiahs with BBCA stocks recorded a net value of foreign investors amounting to -163.42 billion.

European stock markets opened lower at the beginning of the weekend trading session. The Eurostoxx index (-1.33%), FTSE (-0.34%) and DAX (-1.57%) opened significantly lower. Increased pressure on bond yields around the world that pushed the BOJ to act to keep interest rates out of line with policy targets. European stock markets suffered the longest decline since November. The euro traded little changed and German yields edged higher.

The majority of stock indexes in Asia to close the week under pressure. The Nikkei index (-0.90%), TOPIX (-0.33%), Hangseng (-0.12%) and KOSPI (-1.68%) closed down while Shanghai (+ 0.60%) and JCI (+ 0.46%) stayed in the green zone. The Japanese yen fell 0.4 percent to 109.79 per dollar, the weakest in more than a week.