JAKARTA - The Composite Stock Price Index (JCI) is projected to strengthen in today's trading, Thursday, September 25, after yesterday's slight increase of 0.02 percent to the level of 8,126.55.
Phintraco Sekuritas in his research explained that technically, the RSI Stochastic indicator is in the overbought area. While the MACD histogram is still positive, the selling volume is starting to increase.
So that the JCI is estimated to fluctuate in the range of 8,070 8,170. If the JCI is able to penetrate the resistance level at 8,170, it is estimated that it has the potential to test the psychological level of 8,200.
"But if the JCI is unable to survive above the 8,070 level, the JCI is expected to test support levels at 8,020 to 8,050," explained Phintraco Sekuritas.
On the other hand, the rupiah tends to weaken again against the United States (US) dollar. This follows the direction of the movement of the US Dollar Index or DYX which tends to strengthen.
However, at the end of trading last Wednesday, the rupiah exchange rate managed to strengthen after four consecutive trading days weakened. The rupiah exchange rate in the spot market slightly rose 0.02% to Rp 16,685 per US dollar.
Domestically, Phintraco Sekuritas highlighted the rating given by Fitch to Danantara Indonesia. Meanwhile, Patriot Bond Danantara Indonesia, worth IDR 50 trillion, was ranked AAA.
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This is the first step for strategic financing. Patriot Bonds is expected to be part of a long-term funding strategy to support the domestic economy," said Phintraco Sekuritas.
The stocks chosen by Phintraco Sekuritas for today are PT Erajaya Swasembada Tbk (ERAA), PT Perusahaan Gas Negara Tbk (PGAS), PT XLSmart Telecom Sejahtera Tbk (EXCL), PT Bangun Kosambi Sukses Tbk (CBDK) and PT Bank Rakyat Indonesia Tbk (BBRI).
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