IHSG Tends to Weak Eight Stocks Proffered

By : Abraham Sihombing And Aldo Bella Putra | Monday, February 05 2018 - 21:00 IWST

Gedung Adaro Energy (republika.co.id)
Gedung Adaro Energy (republika.co.id)

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.

News Comment

Today's Industry

Harman Professional Experience Center, located at Desound Melawai, South Jakarta. (Photo: the Company's PR)

Rabu, 09 Juli 2025 - 08:55 WIB

Indonesia's First Harman Professional Experience Center Opens in Jakarta

PT Inti Megah Swara (IMS Indonesia) announces the grand opening of the country's first Harman Professional Experience Center, located at Desound Melawai, South Jakarta.

One of Apartments offered by Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Senin, 09 Juni 2025 - 14:22 WIB

Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Savyavasa, a luxury residential development by Swire Properties and JSI Group under PT Jantra Swarna Dipta, in collaboration with Permata Bank, presents a new solution for foreign nationals…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:09 WIB

Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration

As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:06 WIB

Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability

resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

SD Darmono CEO Jababeka Group with Boediman Widjaja CEO JOE Green Group

Selasa, 20 Mei 2025 - 12:44 WIB

Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)

In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…