JAKARTA - The Composite Stock Price Index (JCI) closed in the green zone at last weekend's trading, Friday, October 6. JCI recorded an increase of 0.20 percent or 13.69 points to 6,888.52.
Despite strengthening, in a week the JCI still recorded a decline of 0.74 percent. Phintraco Sekuritas in his research said. for today's trading Monday, October 9, market participants will pay close attention to US employment data released last Friday.
"Given that employment data is one of the important data that will determine the policy direction of the Fed, in addition to inflation," explained the research of Phintraco Sekuritas.
Still from external, the Fed will release the results of the FOMC The Fed (FOMC Minutes) meeting in September 2023. In addition, the US will also release inflation data as of September 2023.
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"The latest data from the CME FedWatch Tools recorded an opportunity to increase the Fed Rate at FOMC 1 November 2023 by 18.5%. This condition again affects the Rupiah exchange rate which strengthened to Rp15,605/US dollar (+0,032%) on Friday, October 6, afternoon," explained research by Phintraco Sekuritas.
Market participants can pay close attention to stocks with continued rebound and rebound opportunities such as PT Adaro Minerals Indonesia Tbk (ADMR), PT Indah Kiat Pulp & Paper Tbk (INKP), PT Chandra Asri Petrochemical Tbk (TPIA), PT Ace Hardware Indonesia Tbk (ACES), and Ultra Jaya Milk Industry Tbk (ULTJ).
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