JAKARTA (TheInsiderStories) - Analyst Asjaya Indosurya William Surya Wijaya, Jakarta Composite Index (JCI) movement patterns will still be affected by fluctuations in exchange rates and commodities on Monday (28/11). Meanwhile, Senior Researcher KGI Securities Indonesia Yuganur Wijanarko in his research said,JCI moving in a range of support 5,100 to 5,270.
“JCI will still be affected by fluctuations in exchange rates and also commodities, the movement is still showing JCI was trying to penetrate the resistance level of 5291, except that investors can still take advantage of the momentum correction reasonable for accumulated purchases, given the range of long-term invesasi index is still in the uptrend, today JCI potentially strengthened.,” said William by adding JCI 5,088 post-test support seen again.
PT.KGI Sekuritas Indonesia recommends the following stocks BBRI with trading targets Rp11,650-R12,000, TBLA with trading target of Rp990-Rp1,020, ASII with trading target Rp7,950-Rp8,050 WSBP (BUY) with trading Target Rp580-Rp630. While Asjaya recommend BBNI, UNVR, BBCA, AALI, SMGR, KLBF, HMSP, TLKM and TBIG stocks.
On the exchange rate market, Farial Anwar, money market observer, to see the strengthening rupiah is only temporary. Moreover, there is pressure from within the country in the form of a peaceful action plan December 2.
“Potential foreign funds to exit remains high,” said Farial.
He projecting, rupiah this Monday will move in the range of Rp 13,450 to Rp 13,600 against US dollar.