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.
Read Also
Trimegah Sekuritas Supports Ikatan Alumni SBM-ITB to Realise Lifelong…
Fujitsu chosen for Dow Jones Sustainability World Index for 22nd…
Olympus Named to Dow Jones Sustainability World Index for Three Consecutive…
New Economic Board, GOTO Share Moves Closer to Global Indices
Midday Break, the Composite SMidday Break, the Composite Stock Price…
Today's Industry

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…

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…

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…

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…

Jumat, 02 Mei 2025 - 10:46 WIB
Binawan and Government Support Indonesian Nurses in Europe through Scholarships
In the midst of the viral #KaburAjaDulu hashtag as a symbol of the young generation's disappointment with domestic working conditions, Binawan responded with real action: dispatching Indonesian…
News Comment