IHSG Receives Omnibus Law and Trump Sentiment, See Today’s Stock Recommendation Page all

JAKARTA, KOMPAS.com – Price Index Stock Combined ( IHSG) Tuesday (6/10/2020), the Indonesia Stock Exchange (IDX) is projected to continue strengthening. Yesterday, JCI closed green with an increase of 0.65 percent at the level of 4,958.76.

Anugerah Mega Investama Director Hans Kwee projects that JCI will strengthen with the support of positive sentiment from green Wall Street. Exchange strengthening stock The US happened because the market responded positively to the news that US President Donald Trump was allowed to return home after being treated because he was diagnosed with Covid-19.

“The market is probably going to be positive, because Trump is allowed to go home after undergoing treatment,” Hans told Kompas.com, Tuesday (6/10/2020).

Also read: So Controversy, What Is the Job Creation Bill?

On the other hand, the market is still waiting for the decision on the fiscal stimulus package worth $ 2.2 trillion for economic aid due to the Covid-19 pandemic to be passed to the senate. However, this proposal has not been approved by the Republican Party, and has the potential to fail.

“The ratification of the US stimulus law, continues to be discussed between the chairman of the House of Representatives and the US finance minister. The market hopes for a stimulus and Trump also puts pressure on parliament to ratify the law, “said Hans.

Internally, the market has responded positively to the passage of the Omnibus Law. Hans said, with the enactment of the Law, it will be easier for foreign investment to enter Indonesia because the regulations are easier.

The law will also open up opportunities for the property and construction sectors as land acquisition will be clearer. However, on the other hand, the market is also still worried about the planned demonstration due to rejection of the Job Creation Law.

Hans projects that JCI will move at support levels of 4,915 to 4,841 and resistance levels of 4,991 to 5,050.

What about stocks that can be monitored in today’s trading? Following are the technical recommendations of these three securities companies:

1. Artha Sekuritas

TOWR recommends buy 1.020 -1.050, TP 1.070-1100, stop loss <1.000.
BBNI recommended buy 4,580 – 4,640, TP 4,750 – 4,820, stop loss <4,540.
BEST rekomendasi buy 175 – 180, TP 190 – 195, stop loss <172.

2. Anugerah Mega Investama

RALS accumulation area at levels 500 – 520, TP 545 – 580, cut loss if it falls below the level 490.
EXCL recommends buy back if it breaks the level of 2,270, TP 1,990 – 1,920, the SOS area at the level of 2,220 – 2,070.
JPFA recommends buy back if it breaks the level of 1.200, TP 1.095 – 1.070, the SOS area is at the level of 1.175 – 1.125.

3. Panin Securities

BEST rekomendasi buy and hold >163, Tp 180 – 200
HMSP recommended buy 1.455 – 1.470, TP 1.500 – 1.540, stop loss <1.385.
BRAND recommended buy 2,930 – 2,960, TP 3,000 – 3,250, stop loss <2,840

Also read: JCI Closed Stronger

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