JCI is full of positive sentiment, consider the following stock recommendations

ILLUSTRATION. There is still a chance for an optimistic scenario for the JCI to reach the 5,800 level.

Reporter: Akhmad Suryahadi | Editor: Wahyu T. Rahmawati

KONTAN.CO.ID – JAKARTA. Composite Stock Price Index (IHSG) is projected to be able to move forward given the hectic positive sentiment surrounding the market, ranging from sentiment from within the country and abroad.

President Director of CSA Institute, Aria Santoso, projects that the JCI until the end of the year will be in the range of 5,650. However, there is still a chance for an optimistic scenario to reach the 5,800 level. As for support The nearest JCI is currently at the level of 5,475, meanwhile resistance closest at the level of 5,667.

Looking ahead, the JCI will still be influenced by a number of sentiments. From a global perspective, the finalization of the results of the US presidential election (pilpres) will provide certainty in the direction of investment with a picture of the new president’s policy in Uncle Sam’s country.

The victory of Joe Biden who is passionate about green energy campaigning (green energy) such as electric vehicles can be a concern of investors. Citing the news, Biden has pledged his support for the development of electric vehicles. The US president-elect from the Democratic Party pledged US $ 400 billion for public investment in renewable energy, including battery technology and electric vehicles.

Also Read: Panin Sekuritas raised the JCI target by the end of the year

Aria said nickel-based stocks received strong sentiment from the prospect green energy and can be considered as an investment option. “However, we need to be aware of the realization time for a large increase in demand,” said Aria to Kontan.co.id, Sunday (22/11).

As for Aria’s leading stocks until the end of the year, including PT Bukit Asam Tbk (PTBA), PT Telekomunikasi Indonesia Tbk (TLKM), PT Astra Agro Lestari Tbk (AALI) and PT Gudang Garam Tbk (GGRM). To do this, investors can wait for the decline in prices in the next two weeks to get better prices.

Also Read: Target JCI to 5,600 by the end of the year, see the share recommendation from Sucor Sekuritas

Meanwhile, Pilarmas Investindo Sekuritas analyst Okie Ardiastama gave a recommendation overweight for the banking, telecommunications and consumer industries towards the end of this year. However, according to Okie, the buying momentum is still attractive considering the current conditions are sufficient to support the JCI to regain its strength.

“However, it does not demand the possibility of correction in the short term. This can be used to make gradual purchases, ”said Okie, Sunday (22/11). Pilarmas Investindo Sekuritas projects the JCI at the end of the year to reach the level of 5,750.

Also Read: Crowded with positive sentiment, what is the projection for the JCI by the end of the year?

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Reporter: Akhmad Suryahadi
Editor: Wahyu T. Rahmawati






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