JAKARTA - The movement of the Composite Stock Price Index (IHSG) is predicted to turn lower in today's trading, Monday, June 6 after parking last weekend at 7,182.96 or up 0.47 percent.
Artha Sekuritas analyst Dennies Christopher Jordan explained that the JCI closed higher since the beginning of trading, supported by the issuer's performance release season for the first quarter of 2022.
"Most of the issuers that reported their performance recorded quite good growth and quite a lot of them will pay dividends in the near future," he explained in the research.
Dennis predicts the JCI will weaken in tomorrow's trading. Technically, the candlestick forming a shooting star indicates a potential correction.
On the other hand, domestic movements will still be supported by the release season for the issuer's performance in the first quarter of 2022 as well as the distribution of dividends. At the beginning of the week, there will be minimal sentiment from economic data.
Furthermore, Dennies estimates that the JCI will move at support levels of 7,132 and 7,157 and resistance at 7,220 and 7,258. Meanwhile, several stocks that are recommended by Artha Sekuritas for trading today are PT HM Sampoerna Tbk (HMSP), PT PP (Persero) Tbk (PTPP), and PT Telkom Indonesia (Persero) Tbk (TLKM).
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