Capital Inflow Supports JCI Movement In Range 5811 - 5945
By : Wiyanto Dan Aldo Bella Putra | Thursday, August 24 2017 - 21:00 IWST
INDUSTRY.co.id - Jakarta - Composite Stock Price Index (CSPI) in the range 5811-5945 on Thursday (24/8/2017). Owners of capital can accumulate nine preferred shares.
"JCI managed to re-score the highest record of new spun of time in the middle of capital inflow that has not been present significantly in the Indonesian capital market, the momentum of reasonable correction if it happens, can still be used to make accumulated purchases considering in the long term JCI is still in uptrend ditopang By stable economic fundamentals reflected in the release of economic data," said William Surya Wijaya, Vice President of Research Department of PT Indosurya Mandiri Sekuritas in Jakarta, Thursday (24/8/2017).
In trading Wednesday (08/23/2017), JCI (+ 0.57%) suddenly opened higher with closed back break the highest price rose 33.73 points by + 0.57% at 5914.02 with the highest volume this month. The mining sector (1.91%) and Consumption (+ 1.09%) became the strengthening leader. The strengthening of mining commodity prices and investor optimism towards consumer are the main drivers of the highest level of Composite Index this year.
The aggressiveness of Bank Indonesia by cutting the benchmark interest rate 25bps to 4.50% from 4.75% does not bring a strong optimistic wind where the leading sectors thought to be positive winds such as Property (-0.06%) and Finance (+ 0.56%) are not significant enough movement. Foreign investors recorded a net purchase of 364.87 billion rupiah.
He offers nine shares that can be accumulated by investors, namely: KLBF, - ASRI, PGAS, PWON, MAIN, MYOR, ICBP, INDF, UNVR and BBNI