JCI Movement Range Predicted between 5,795-5,860
By : Abraham Sihombing And Aldo Bella Putra | Friday, August 11 2017 - 18:04 IWST
![5166](https://eagle.industry.co.id/uploads/berita/detail/81.jpg)
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
![Totolink outlet. (Photo: Public Relation of Totolink)](https://eagle.industry.co.id/uploads/berita/small/5782.jpg)
Kamis, 11 Juli 2024 - 22:08 WIB
Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia
Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.
![The President Commissioner of Bersama Digital Data Centres (BDDC), Setyanto Hantoro (fourth right) and The President Director of BDDC, Angelo Syailendra (third right) during the BDDC JST1 Inauguration Ceremony in Jakarta on Wednesday (10/07/2024).](https://eagle.industry.co.id/uploads/berita/small/5781.jpg)
Kamis, 11 Juli 2024 - 19:03 WIB
BDDC Inaugurates JST1 TIER IV Data Centre in Jakarta to Strengthen Digital Infrastructure
Bersama Digital Data Centres (BDDC), an in-town data centre provider with interconnectivity and integrated digital systems, inaugurated its 5 MW Tier IV data centre facility, JST1 (Jakarta Selatan…
![The Board of Directors of PTT Global Chemical (GC) pose for a group photo after receiving the prestigious SNI (Indonesian National Standard) certification for its InnoPlus Polyethylene resin. (Photo: GC Public Relations)](https://eagle.industry.co.id/uploads/berita/small/5780.jpg)
Kamis, 27 Juni 2024 - 15:30 WIB
Global Chemical Achieves Prestigious SNI Certification for InnoPlus Polyethylene Resin
PTT Global Chemical (GC) is proud to announce its successful attainment of the prestigious SNI (Indonesian National Standard) certification for its InnoPlus Polyethylene resin.
![Financial Literacy](https://eagle.industry.co.id/uploads/berita/small/5779.png)
Rabu, 26 Juni 2024 - 22:47 WIB
The Importance of Financial Literacy
Financial literacy refers to the ability to understand and use various financial skills effectively, including personal financial management, budgeting, and investing.
![Unveiling New Opportunities](https://eagle.industry.co.id/uploads/berita/small/5778.png)
Rabu, 26 Juni 2024 - 14:52 WIB
Unveiling New Opportunities
As we step into 2024, the cryptocurrency landscape continues to evolve, presenting unprecedented opportunities for investors, developers, and enthusiasts.
News Comment