JAKARTA - The Composite Stock Price Index (JCI) closed up 0.64 percent or 43.56 points to 6,898.08 on Thursday 3 August, after 2 consecutive days closed in the red zone.
Phintraco Sekuritas in his research said the JCI managed to record a significant rebound on Thursday. For Friday, the JCI has the potential to re-test resistance at 6,950.
"Technically, the potential for rebound is strengthened by the formation of a golden cross in Stochastic RSI along with Thursday's rebound," explained research by Phintraco Sekuritas.
The decline in global bond rating in the US by Fitch Ratings to AA+ from AAA has a positive impact on financial sector stocks in Indonesia. This condition indicates the potential for capital inflow to the Indonesian capital market, especially financial stocks.
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Another factor is that the rating reduction has the potential to increase pressure for the Fed to accelerate the easing of monetary policy.
For trading this Friday, Phintraco Sekuritas won BBCA, BBNI, BBRI and BMRI shares as the top pickers. Other stocks that can be considered are SMGR, TLKM, UNVR, GGRM and HMSP.
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