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

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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.
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