JAKARTA (TheInsiderStories) - Good Morning, PT Reliance Securities seesp the Jakarta Composite Index (CSPI) moves tend to be depressed in the range of 5,263-5,350. While, Reza Priyambada from Binaartha Securities predicted a trend still bullish on JCI in the range of 5,275-5,289 level of support and resistance 5,322-5,336.
Realiance Securities’s analyst Lanjar Nafi said stocks may be considered today like AALI, ANTM, BBCA, BBNI, ITMG, PGN, BJBR, and MPPA.
Late last week, JCI closed higher amid rising global stock markets today. The index rose to +23 points (+ 0.45%) to 5,317 after moving between 5291-5327. A total of 159 stocks rose, 141 stocks down, 113 stocks did not move, and 159 shares not traded. As many as nine out of a total of 10 sectors rose, led by basic industries sector which rose + 1.04% and infrastructure are up + 0.95%.
The investors transaction worth of Rp6.36 trillion, consisting of regular transactions Rp5.35 trillion, trillion Rp1.01 negotiations, and cash 5 million. On the regular market, foreign investors posted a net buy Rp131.68 billion.
From Asia, the majority of stock indices rose. Nikkei225 index in Japan rose + 1.81%, South Korea’s Kospi rose + 0.81%, and the Hang Seng in Hong Kong has appreciated + 1.41%. The majority of European stock markets also rallied since it opened this afternoon. FTSE100 index in Britain rose + 0.03%, the DAX in Germany gained + 0.49%, and the CAC in France has appreciated + 0.19%.
In the foreign exchange market, Rupiah strengthened +29 points (+ 0.22%) to Rp13.332 per US dollar, after moving in the range Rp13.307-Rp13.357. Rully Arya Wisnubroto, Money Market analyst from PT Bank Mandiri Tbk revealed the movement of Rupiah still limited and is possible to be corrected.
It is reported, the data on US economic growth in 2016 fourth-quarter dip of 3.5% in the previous quarter to 1.9% in fourth quarter. US durable goods also slumped in December 2016 from 0.6% to 0.5%. It makes US dollar will be minimal resistance.
He added, it is usually ahead of the closing of the month there is high demand for the fulfillment of the US dollar debt payment obligations of private and government. These factors can corner the strength of the rupiah.