JAKARTA - The Composite Stock Price Index (JCI) is predicted to continue strengthening, in today's trading, Tuesday, January 21, after yesterday's greenening 0.22 percent or 16.08 points to 7,170.74.
Phintraco Sekuritas in research sees technically, there is a positive slope widening in the MACD indicator. Meanwhile, the Stochastic RSI indicator is in the overbought area.
"If the JCI is able to survive above the level of 7,150, then we estimate the JCI has the potential to continue strengthening the MA50 test in the range of 7,194 on Tuesday's trading," wrote Phintraco Sekuritas.
From the United States (US), the market awaits the inauguration of President Donald Trump as the beginning of the journey of the new US administration. The market will pay close attention to President Donald Trump's speech to find out more clearly about the policy direction of the new US administration going forward.
From the European region, the market anticipates the release of data on the unemployment rate in November 2024 in the UK on Tuesday which is expected to rise to a level of 4.4 percent from 4.3 percent in October 2024. This indicates that the employment sector in the UK is experiencing weakness.
At the same time, there was also a release of the ZEW Economic Sentiment Index data in January 2025 at the Euro Area and Germany which is expected to decline from the previous month.
From the region, the market anticipates the release of the Manufacturer Price Index (PPI) in December 2024 in South Korea which is scheduled to be released this Tuesday as a reference for knowing the inflation rate that occurs from the producer side.
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The market estimates that the South Korean PPI will increase to 1.5 percent YoY from 1.4 percent YoY in November 2024.
Hong Kong is scheduled to release inflation data in December 2024 which is estimated to be stable at the level of 1.4 percent YoY, indicating that domestic consumption is relatively well maintained.
Meanwhile, from domestic, the market is looking forward to the release of financial reports of a number of issuers this week, especially banking issuers.
The stocks chosen by Phintraco Sekuritas for today's trading include PT Merdeka Copper Gold Tbk (MDKA), PT AKR Corporindo Tbk (AKRA), PT Semen Indonesia (Persero) Tbk (SMGR), PT Panin Financial Tbk (PNLF), and PT Japfa Comfeed Indonesia Tbk (JPFA).
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