JAKARTA (TheInsiderStories) - The Composite Stock Price Index (JCI) today is estimating moves tend to be depressed and to weaken limited in the range of 5,280 to 5,232, said Bahana Securities analyst Muhammad Wafi. He recommende the stocks that may be considered to watch on Thursday’s trading are PTPP, BBNI, JPFA, SMRA, and MNCN.
While, Head of Research at MNC Securities Edwin Sebayang, said the Fed’s interest rate hikes are already priced in the JCI movement. Edwin predict JCI today gained limited with support 5,224 and resistance 5,309.
Yesterday, the index closed at 5,262.82 level or fell 0.58%. JCI with almost all sectors experienced a decline led by the property sector, leaving only the basic industries sector which increased in anticipation of Fed rate announcement tonight.
Foreigners continued to record net sales since the US presidential race, with a total value of Rp 14.69 trillion. Yesterday, foreign investors recorded a net sell of Rp277,3 billion on the regular market.
Meanwhile, the rupiah today closed at Rp13,280 per US dollar or strenthened 0.34% against the previous close (-1.90% mtd; -3.55% ytd).