Research
11 May 2021
From the domestic stock exchange, JCI managed to strengthen, supported by a foreign net...
Research
10 May 2021
As the Eid Al-Fitr holiday approaches, JCI is expected to still move in the reasonable ...
11 May 2021
From the domestic stock exchange, JCI managed to strengthen, supported by a foreign net buy of IDT 283 billion. Investors responded positively to the release of the Consumer Confidence Index (IKK) data which again rose above the 100 level, indicating an optimistic level. Approaching the Idul Fitri holiday, the JCI has the opportunity to continue its rebound with a range of 5,950 - 6,030.
10 May 2021
Over the past week, JCI was corrected by 1.12%; accompanied by a foreign net buy of IDR 1.03 trillion. With only 2 trading days and the lack of new positive catalysts, this week the market movement is expected to be limited with a tendency to weaken. Technically, the projection for JCI is at 5,900 - 6,000.
7 May 2021
Amid the strengthening of the majority of global stock exchanges, JCI continued its sideways trend. Market participants will be watching the release of data on foreign exchange reserves for April, which is expected to rise again. Towards the end of the week, JCI has the opportunity to experience a limited technical rebound in the range of 5,950 - 6,030.
6 May 2021
From the domestic market, JCI was still able to continue its gains, led by banking and metal mining stocks. The Q1/21 GDP release that was in line with expectations did not appear to have a significant impact on the capital market. For today, JCI has the potential to be limited by profit taking on a range of 5,900 - 6,030.
5 May 2021
JCI seems to still struggle within the range of its normal consolidation. Market participants will be watching the release of Indonesia's GDP figures for the first quarter of 2021, where the consensus estimates the economy to still be in a contraction zone. Technically, JCI still has the opportunity to continue strengthening with a range of movements at 5,932 - 6,030.
