JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to strengthen again in today's trading, Wednesday, December 6, after yesterday's increase of 0.10 percent to the level of 7,100.86.
Phintraco Sekuritas in his research said that the JCI movement was influenced by sentiment in the discovery of reports of cases of pneumonia-causing bacteria in Indonesia and was being verified by the government's number of cases.
"This triggers a rebound in the shares of health sector issuers in trading Tuesday. This sentiment is expected to affect the health sector's stock in the short term," explained research by Phintraco Sekuritas.
In addition, market expectations that the Fed and ECB which will hold the benchmark interest rate in December 2023 also affect the JCI movement. This builds the belief that BI will also take similar steps.
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Technically, Stochastic Relative Stretch Index (RSI) indicates a death cross signal in the overbought area. It is estimated that the JCI will test support levels at 7,050-7,150 this Wednesday.
Meanwhile, selected shares, according to Phintraco Sekuritas, include PT Astra International Tbk (ASII), PT Global Mediacom Tbk (BMTR), PT Barito Pacific Tbk (BRPT), PT Indofood Sukses Makmur Tbk (INDF), PT Indah Kiat Pulp & Paper Tbk (INKP), PT Indosat Tbk (ISAT), and PT Industri Jamu Dan Farmasi Sido Muncul Tbk (SIDO).
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