JAKARTA - A number of 30 issuers affiliated with conglomerates, such as Prajogo Pangestu (BRPT) to the Sinarmas Group, will pay dividends to their shareholders in the third week of July 2024. Analysts see this can have a positive impact on the Composite Stock Price Index this week.

Associate Director of Research and Investment Pilarmas Investindo Sekuritas Maximilianus Nico Demus explained that this dividend payment has the potential to provide reinforcement to the combined stock price index (JCI). However, he sees the JCI technically as likely to experience a correction.

"Also pay attention to the stocks that will provide dividends later, what will the calculation look like," Nico said, in his research, quoted Monday, July 15.

Nico also said that market participants must see who the issuers distributed the dividends. According to him, this is important because it will affect the expectations of market players and investors on these shares.

"Broadly speaking, dividends will provide positive sentiment to market players and investors," said Nico.

Meanwhile, Phintraco Sekuritas predicts the JCI will strengthen today, with a high level of 7,400, pivot at 7,350, and a low level (support) at 7,300.

"Shares that can be considered include bank, ICBP, MAPI, MYOR, INTP, and ADMR shares," wrote research by Phintraco Sekuritas.


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