JAKARTA The Jakarta Composite Index (JCI) was corrected after the holiday. JCI weakened 1.61 percent or decreased by 116.77 points to 7,117.43, Thursday, May 2.
JCI is projected to have the opportunity to rebound with support at the level of 7,072 and resistance at 7,130 by the end of trading Friday, May 3.
MNC Sekuritas in his research assessed that the JCI correction was quite aggressive yesterday. The JCI weakening was burdened by the financial index (IDX Finance) of 2.78 percent and the transportation index (IDX Transport) of 2.02 percent.
JCI movement will be influenced by sentiment in the movement of world commodity prices and dividend distribution from several issuers in the future. In addition, the Fed's policy is considered to be still higher for longer, aka maintaining higher interest rates longer.
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"The sentiment from the Fed will still have a negative effect on the JCI movement," explained MNC Sekuritas research.
Meanwhile, MNC Sekuritas recommends selected stocks for today, including ASII with a target price of IDR 5,325, IDR 5,423, MARK is around IDR 895 level IDR 910, and DOID is priced at IDR 515 IDR 525.
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