Jakarta, CNBC Indonesia – The strengthening of a number of commodity prices such as gold has become a positive catalyst for the pace of the domestic stock market. This made the Composite Stock Price Index closed in the green zone with a gain of 0.02% to a level of 5,340.32 points, on Wednesday trading (27/08/2020).
The daily transaction value reached Rp 9.79 trillion with a volume of 15.61 billion units of shares and a frequency of 812,363 times. Before starting trading on Thursday (27/8/2020), consider the recommended stock options from a number of brokers summarized by CNBC Indonesia:
1. MNC Sekuritas – JCI Test Level of 5,365
JCI still has a chance to test the 5,350-5,365 area, stay alert of the support area of 5,220-5,260. If JCI breaks this support, then the closest correction to JCI will be in the area of 5,200-5,250.
Preferred stocks:
2. Panin Sekuritas – Continue Strong Trend
JCI is still in a stronger trend and has completed a healthy correction. In today’s trading, Panin estimates, JCI will continue its strengthening trend in the range 5,300 – 5,388.
Preferred stocks:
3. Erdhika Sekuritas – Waiting for The Fed’s Stimulus
JCI movement today is expected to tend to move in consolidation in the range 5,260 – 5,370.
The market will respond to the response from the Governor of The Fed, Jerome Powell who will deliver an Annual Monetary Policy Framework Review. Powell is expected to continue providing monetary stimulus to help the US economy from the Covid-19 pandemic.
Preferred stocks:
4. Reliance Sekuritas – Global Exchange Strengthens
Global stock markets rose to record highs in trading yesterday. The MSCI All-Country World Index rose 0.4% to 581.11, topping the previous high from February.
The strengthening is in response to the progress of trade talks between the US-China and hopes for the development of a vaccine against the new coronavirus. This has triggered investor interest in buying shares.
Preferred stocks:
(hps / hps)
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