ILLUSTRATION. The screen displays the movement of the Jakarta Composite Index (JCI) at the Indonesia Stock Exchange, Jakarta. BETWEEN PHOTOS / Hafidz Mubarak A / nz
Reporter: Nur Qolbi | Editor: Herlina Kartika Dewi
KONTAN.CO.ID – JAKARTA. The Composite Stock Price Index (JCI) fell 0.50 percent again to the level of 6,109.17 on Wednesday’s trading (27/1). This correction made JCI closed in the red zone for five consecutive days.
Indo Premier Sekuritas analyst Mino said the decline in the JCI today was influenced by the rebalancing sentiment of several indexes as well as the continued selling of investors in several stocks.
For example, the shares of PT Bank Rakyat Indonesia Agroniaga Tbk (AGRO) were minus 7% to the level of Rp 930 per share, PT Bank BRIsyariah Tbk (BRIS) -6.95% to Rp 2,810, and PT Vale Indonesia Tbk (INCO) -6. 50% to Rp 5,750 per share.
Even so, Mino estimates, JCI has the opportunity to rebound with support at the level of 6,060 and resistance at 6,190 on Thursday trading (28/1).
“This is in line with the opportunity for investors to buy, given that the index is almost oversold,” he said when contacted by Kontan.co.id, Wednesday (27/1).
On the other hand, Valdy Kurniawan, Phintraco Sekuritas analyst predicts, IHSG has the potential sideways tend to go down on trading tomorrow. According to him, IHSG will move with support at the level of 6.050 and resistance at 6.260.
Technically, the formation of patterns hammer on oversold area indicates potential rebound technical. However, the widening MACD slope indicates that there is still selling pressure on the JCI.
In addition, the JCI is still overshadowed by attitudes wait and see market players ahead of the announcement of the United States (US) economic growth data and the latest US employment sector data on Thursday (28/1) night.
“Other external sentiment comes from the submission of the Fed’s benchmark interest rate policy and the press conference of the Head of The Fed Jerome Powell on Thursday (28/1) in the morning (WIB),” said Valdy.
Meanwhile, from within the country, market players are still anticipating the inflation data for January 2021 which is scheduled for release early next week, Monday (1/2).
By considering these sentiments, Valdy advised investors to pay close attention to stocks with large market cap, aka bluechip.
Call it PT Telkom Indonesia (Persero) Tbk (TLKM), PT Bank Mandiri (Persero) Tbk (BMRI), PT Astra Internasional Tbk (ASII), PT Wijaya Karya (Persero) Tbk (LANGUAGE), and PT PP (Persero) Tbk (PTPP). Meanwhile, Mino advised investors to pay attention to the movement of shares in PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Bank Central Asia Tbk (BBCA), and PT Waskita Karya (Persero) Tbk (WSKT).
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Reporter: Nur Qolbi
Editor: Herlina Kartika Dewi