JAKARTA – Composite Stock Price Index (IHSG) is still in a weakening trend following Wall Street and the Asian region which are also moving in the red zone.
In today’s trading, JCI closed down 1.27% or fell 73.81 points to a level of 5,760.58. A total of 17.10 billion shares were traded with a daily transaction value of Rp.10.01 trillion. Meanwhile, the net sell of foreign investors reached IDR 281.78 billion.
Also Read: Fear of Soaring Covid-19 Numbers Makes JCI Saddened
Investment Banking Panin Sekuritas Indra Then predicts that in the future there will still be selling pressure. According to him, the level of 5,760 is a quite strong psychological level.
The main sentiment is still from the attitude of investors who are waiting for the US central bank’s response to the increasing inflation rate.
Also Read: 414 Red Shares, JCI Dropped 1.76% to 5,833
“From within the country, we are still waiting for the release of economic data related to the trade balance. Then the spike in Covid-19 cases is still not there and is still under control. So it is more following regional movements,” he said at IDX Channel’s closing market, Wednesday (19/5/2021).
According to him, if the 5,700 level cannot be held, the JCI will move down to the 5,500 level. It is hoped that the JCI can stay at the level of 5,700 until the end of May 2021.
“The level of 5,500 is quite low for the JCI this year. I hope it can stay at 5,700 in May and hope that in the second half of this year there will be an improvement in the trend where we know that usually in the second semester the market strengthens more than it weakens. in the fourth quarter later, “he said.
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