Jakarta, CNBC Indonesia – The domestic stock market in trading earlier this week has the opportunity to continue rising again. This is in line with the positive sentiment of the strengthening of the Dow Jones index at the end of last week and the increase in a number of commodity prices.
Last Friday (2/7/2021), the Composite Stock Price Index (JCI) closed up 0.28% to 6,023.00 with a transaction value of Rp 10.53 trillion. Foreign market participants recorded net sales of Rp 257.73 billion.
The most traded stocks include PT Bank Central Asia Tbk (BBCA), PT Telkom Indonesia Tbk (TLKM), PT Bank Rakyat Indonesia Tbk (BBRI), PT Gudang Garam Tbk (GGRM) to PT Bank Mandiri Tbk (BMRI). ).
Before starting trading Monday (5/7/2021), consider the recommendations for selected stocks as summarized by CNBC Indonesia:
1. MNC Asset Management – Active Cases Approach 300 Thousand
JCI has the opportunity to continue its strengthening as quite a lot of positive sentiment passed through the market referring to Friday’s closing starting from the DJIA Index rising by 0.44% and strengthening prices for several commodities such as coal which rose 1.09%, gold 0.61% , 1.55% CPO, 1.17% nickel and tin rose 0.77%.
However, the number of active Covid-19 cases in Indonesia, which is approaching 300,000, remains the main risk that has caught the market’s attention.
Preferred stock:
2. NH Korindo Sekuritas Indonesia – Impact of Emergency Micro PPKM
Wall Street closed last week’s trading (2/7/2021) in the green; marked by continued new records for the Nasdaq and S&P500. The data release showed 850K new jobs in June, far beating consensus projections of 720K. This has an impact on inflation expectations, which are expected to remain above 4% until next year.
After moving flat on a weekly basis, today’s JCI movement has the potential to get some pressure. Investors will still be overshadowed by the impact of the implementation of the Emergency Micro PPKM; in the midst of daily positive case numbers that continue to climb. Technically, JCI is estimated to still move in the range of 5,950 – 6,130.
Preferred stock:
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