January JCI Ended In Red, How About February?

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (IHSG) will be closed in the red zone in January 2023 on a daily basis and throughout 2023 it will run. Closing January 2023, the JCI closed down 33.19 points or 0.48 percent to 6,839.34.

Until the end of January 2023, the JCI was observed to have been corrected by up to 11.28 points or 0.16 percent. Even so, Associate Director of Investment and Research Pilarmas Investindo Sekuritas Maximilianus Nico Demus is optimistic that the JCI will move better in February.

According to Nico, so far, in terms of outlook, there are still various positive sentiments for the JCI despite being full of pressure at the beginning of the year. Some of the depressing sentiments on the index include the increase in the Fed's interest rate which is predicted to be around 25-50 bps, followed by the increase in the European Central Bank's interest rate which is also predicted to increase 25-50 bps.

But with the consistent decline in inflation in America, Nico sees an increase in interest rates will be at 25 bps. Different things will happen at the European Central Bank which will increase by around 50 bps, due to the still high inflation in the European region.

"Meanwhile, the stock sectors that can be observed include the transportation, health and infrastructure sectors," said Nico in his research.