JCI Movement Range Predicted between 5,795-5,860
By : Abraham Sihombing And Aldo Bella Putra | Friday, August 11 2017 - 18:04 IWST

5166
INDUSTRY.co.id - Jakarta - Jakarta Composite Stock Price Index (IDX) on Friday (11/08/2017) is expected to continue its rise and move in the range of 5,795-5,860.
"Technically, the nearest JCI resistance point is still at the 5830 level. Nevertheless, to reach the point of resistance, JCI must be able to maintain its position in the position of 5800. In today's trading, such indications seem to be quite visible as the stochastic indicator confirms the presence of golden-cross in the oversold area," said Lanjar Nafi, an analyst at Reliance Securities, in Jakarta, Friday (11/08/2017).
Given the technically positive indications on trading today, Lanjar advised market players to look at shares of PT Ace Hardware Indonesia Tbk (ACES), PT Jasa Marga Tbk (JSMR), PT Charoen Pokphand Indonesia Tbk (CPIN), PT Malindo Mills Tbk (MAIN), PT Perusahaan Gas Negara Tbk (PGAS), PT Telekomunikasi Indonesia Tbk (TLKM) and PT Adhi Karya Tbk (ADHI).
On Thursday (10/08/2017), JCI closed up 0.23% or 13.44 points to position 5824. The rise in the JCI was buoyed by a strengthening property sector index of 1.51% and an industry sector index of 1.26%. However, the consumer sector index experienced the highest decline, at 0.66% then followed by the eroding of agriculture index about 0.33%.
The decline in JCI in trading yesterday was due to the estimated retail sales data deceleration of about 2.7% which resulted in decreased purchasing power. In addition, index declines in various regional and global exchanges also contributed to the decline in the index.
Today's Industry

Selasa, 17 Mei 2022 - 14:00 WIB
NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics
The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

Selasa, 17 Mei 2022 - 13:00 WIB
President Jokowi Invites US CEOs to Boost Cooperation with Indonesia
President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

Selasa, 17 Mei 2022 - 12:28 WIB
President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President
President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

Selasa, 17 Mei 2022 - 11:23 WIB
TPE unleashes benefits for pet accessories
The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Jumat, 13 Mei 2022 - 16:15 WIB
Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021
Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…
News Comment