JAKARTA (TheInsiderStories) - Good Morning, the Jakarta Composite Index (JCI) is expected to move higher in the range of 5,325-5,375 with stocks that may be considered like ERAA, JSMR, SOCI, ASII, BBTN, said Bahana Securities. While, Muhamad Alfatih, Senior Technical Advisor Portfolio from Samuel Sekuritas Indonesia sees the JCI see JCI is in critical level.
Last Friday, JCI closed at 5,347.02 levels or rose 0.40% against the previous closing (+ 0.95% mtd; + 0.95% ytd). The increase is supported supported by foreign investors bought telecom stocks.
A total of 187 stocks rose, 119 stocks declined, 115 stocks unchanged and 160 shares not experience trading. Foreign investors recorded a net buy Rp52 billion in the regular market (net sell Rp319,9 M mtd; net sell Rp319,9 M ytd).
Meanwhile, the rupiah closed at Rp13,380 per USD weakened 0.04% against the previous close * (-0.69% mtd; -0.69% ytd). CMEA Darmin Nasution sees the impact of Donald Trump Effect to foreign exchange will not take place continuously. He added, US also does not want the dollar too strong.