JAKARTA (TheInsiderStories) - PT Asjaya Indosurya Securities sees the Composite Stock Price Index (JCI) in Monday’s trading will moved higher in the range 5,088 to 5,291. PT Reliance Securities predicted the JCI will still be a positive move.
Head of research Indosurya William Surya Wijaya considered, the release of economic data by Central Statistic Bureau earlier this month was shown the inflation to be under control and is one factor that indicates the economic condition is still growing well and are in a reasonable stage.
A number of stock choices on Monday trading suggesting by Asjaya are BBNI, JSMR, ASII, PGN, TLKM, INDF, UNVR, ICBP, and KLBF.
While, Lanjar Nafi, Reliance Securities analyst said technically JCI has reached the upper Bollinger Bands and A25 as its nearest resistance. JCI is expected to still be moving next week with a range of positive movement of 5,200 to 5,330, he said in a research.
The number of shares that are still worthy of scrutiny according to him among APLN, ASII, BBTN, BSDE, CPIN, HRUM, TLKM, and PWON.
Erdikha Elit Securities analyst Adrian M Priyatna adding, JCI will move in the range of 5,096 to 5,250 during this week, continuing the bullish trend that has been underway since mid-November.
“The positive sentiment exchanges during this week affected by the November inflation data exceeded expectations and sentiment in commodity prices pushed the movement of commodity stocks during this week,” he explained.
Last week, stock index rose 47.20 points or 0.91% to 5,245.96 with a volume level that is high enough. The peaceful protest demonstrators on the monument that lasted quite orderly and rapid attitude of the government towards efforts to maintain order assuage investor concerns.
On the money market, the investors continue to monitor the possibility of the Federal Reserve to raise interest rates on Dec 13 meeting. On Friday, the Rupiah appreciated 0.39% or 53 points to Rp13,512 per US dollar, after trading in the range Rp13,459 to Rp13,539.
“If we see the weakening rupiah (recently engaged) anomalies. (Exposed) factor of victory (Donald) Trump (who became elected president of the US). Bank Indonesia (also) actively keep the exchange rate, “said analyst Hans Kwee Investasi Saran Mandiri.
The US dollar index, which measures the movement of the dollar against other major currencies tracked down 0.15% or 0.15 points to 100.89 at the close position rupiah end of last week.