JAKARTA - The Composite Stock Price Index (JCI) is predicted to test its highest level in today's trading, Thursday 5 September. Phintraco Sekuritas in his research said that the JCI today is expected to move at 7,700 resistance, 7,650 pivot, support 7,600.
Phintraco Sekuritas mengatakan, dengan rebound pada perdagangan Rabu, IHSG hari ini berpeluang kembali uji critical resistance level di 7,700.
"Technically, the JCI's bullish momentum is still too strong along with yesterday's rebound," wrote Phintraco Sekuritas.
Phintraco Sekuritas said that in the next few days Indonesia's Trade Balance (NPI) data will be released in August 204. The NPI surplus is estimated to continue. However, the surplus is expected to be driven by a deeper decline in imports from the decline in exports.
According to Phintraco Sekuritas, the decline in imports was caused by a tendency to decline in oil prices in the last week of August 2024. Meanwhile, the decline in exports is in line with the weakening of the manufacturing index globally in August 2024.
"This condition is expected to help maintain the stability of the Rupiah exchange rate, although the contribution to economic growth is not very good," said Phintraco Sekuritas.
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From external, Phintraco Sekuritas said the market would anticipate data on service sector indexes in the Euro Area, Germany and the UK on Wednesday. The market also observed the expectations of widening the US trade balance deficit in July 2024.
Meanwhile, Phintraco Sekuritas recommends six shares for today, namely MYOR, ISAT, SMRA, MAPA, ACES, and BBNI.
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