JCI Movement Range Predicted between 5,795-5,860

By : Abraham Sihombing And Aldo Bella Putra | Friday, August 11 2017 - 18:04 IWST


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.

News Comment

Today's Industry

"CLEO", PT Sariguna Primatirta Tbk (Tanobel Group)

Sabtu, 23 September 2023 - 11:33 WIB

Growing Above Industrial Average, CLEO Strives for Innovation

Producer of bottled drinking water with the brand "CLEO", PT Sariguna Primatirta Tbk (Tanobel Group) targets its sales in 2023 to grow above the average of the bottled drinking water (AMDK)…

PT Inocycle Technology Group Tbk ("INOV")

Kamis, 14 September 2023 - 15:15 WIB

INOV Poised to Absorb PET Recycling Market Potential

The prospects of PT Inocycle Technology Group Tbk ("INOV") a public company in the field of recycling plastic (PET) bottle waste into Recycled Polyester Staple Fiber (Re-PSF), looks bright for…

Participants of the 43rd ASEAN Summit enjoy the gala dinner at Hutan Kota GBK in Jakarta, Wednesday (09/06). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 09:07 WIB

Indonesian Cuisine, Cultural Performances Enliven Gala Dinner of 43rd ASEAN Summit

President Joko “Jokowi” Widodo and First Lady Iriana Jokowi hosted a gala dinner for leaders of ASEAN member states, partners, and international organizations at Hutan Kota restaurant in…

President Jokowi and Secretary-General of the United Nations António Guterres, Jakarta, Thursday (09/07). (Photo by: BPMI).

Senin, 11 September 2023 - 07:45 WIB

ASEAN, UN to Enhance Cooperation in Maintaining Regional Peace

On the margin of the 43rd ASEAN Summit, President Joko “Jokowi” Widodo Thursday (09/07) hosted Secretary-General of the United Nations António Guterres in a bilateral meeting at the Kakatua…

President Jokowi shakes hands with PM of Japan Fumio Kishida at JCC in Jakarta, Thursday (09/07). (Photo by: BPMI of Presidential Secretariat)

Senin, 11 September 2023 - 06:40 WIB

Indonesia, Japan Agree to Raise Partnership Status to Comprehensive Strategic

Indonesia and Japan have agreed to raise the partnership status of the two countries to strategic comprehensive, President Joko “Jokowi” Widodo has said.