JAKARTA (TheInsider Stories) - The movement of Jakarta Composite Index (JCI) will be affected by speech of the Federal Reserves’s governor Janet Yellen in the range 5,078 - 5,267, said analysts. They said, when Yellen signaled raise US interest rates this December, it can hoist the US dollar exchange rate and so the negative sentiment.
Yesterday JCI closed in the green zone with a rise of 0.15% to 5193.01 figure with transaction value of Rp 6.35 trillion. Foreign investors still chalked net sales of Rp 195 billion in the regular market.
William Surya Wijaya from Research Department of PT Asjaya Indosurya Securities sees JCI continues to move left-tested support due to the the potential increase in return swell amid the capital outflow. The release of economic data from bank central, He added, helped the current JCI movement patterns sustai with support maintained at the 5,078 level and resistance at the level of 5267.
Binaartha Securities analyst M Nafan Aji adding, today index movement tinged Board of Governors of Bank Indonesia’s decision to hold the BI BI 7-day reverse repo rate at 4.75%. While, depressed of world commodity prices due to the strengthening of the US dollar will give negative sentiment for JCI, said Nafan. He predicts the index will weaken and move in the range of 5120-5260.
Further more, Analysts NH Korindo Deky Rahmat Sani estimate, JCI will run wild with the tendency of the correction between the support and resistance levels from 5,157 to 5,108 .
Today’s menu by Indosurya :
- BBNI
- WTON
- INDF
- UNVR
- SCMA
- KLBF
- HMSP
- ASII
- BBCA