JAKARTA - The Composite Stock Price Index (JCI) reached a number of sentiment in today's trading, Monday, May 6, after closing up 0.24 percent last weekend, up 17.30 points to 7,134.72.
Phintraco Sekuritas in his research said the market would welcome macro sentiment in the form of releasing Indonesia's economic growth data in the first quarter of 2024 this Monday.
The Ministry of Finance itself estimates that economic growth will reach 5.17 percent YoY in the first quarter of 2024. Meanwhile, consensus shows the expectations of economic growth at 5 percent for that period.
"Realization above consensus can be a positive catalyst," explained the research of Phintraco Sekuritas.
Phintraco predicts the JCI is expected to fluctuate again in the range of 7,100-7,150 earlier this week,
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Meanwhile, with the rupiah rising 0.62 percent to Rp16,080 per US dollar on Friday, there is the potential for bargain hunting in big caps bank stocks such as BBCA, BBNI, BBRI and BMRI.
In addition to bank shares, stocks including TLKM, CTRA, SRTG, JPFA, TKIM, BUMI, and ASSA can be a concern for investors for the beginning of the week.
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