JAKARTA - The Composite Stock Price Index (IHSG) is predicted to still be vulnerable to correction in today's trading, Monday, May 25, after last weekend closed up 1.1 percent to 6,162.
Phintraco Sekuritas in its research said that the strengthening of the JCI on Friday, May 22 was mainly supported by the energy and raw materials sectors, which rose 6.85 percent and 4.84 percent respectively.
This is in line with the circulation of rumors that Indonesia will postpone the full implementation of the policy on the export of coal and other strategic commodities controlled by the state until January 1, 2027.
Phintraco Sekuritas explained that this delay was considered to provide a longer transition period for exporters and international buyers to adapt to the policy changes.
Meanwhile, MNC Sekuritas revealed the next expected correction area of the JCI which will test the level of 5,899 as well as its support area.
MNC Securities recommends five stocks for today's trading, namely ASII, HRUM, ISAT, and PSAB.
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