Reporter: Nur Qolbi | Editor: Tendi Mahadi
KONTAN.CO.ID – JAKARTA. Composite Stock Price Index (IHSG) fell 0.83% to the level of 5,058.48 in trading Wednesday (16/9). Foreign investors still recorded selling with a net value of Rp 852.52 billion in all markets.
Phintraco Sekuritas analyst Valdy Kurniawan said that yesterday’s JCI decline was influenced by attitudes wait and see market players are waiting for the outcome of the Federal Open Market Committee (FOMC) Meeting of the Fed. MNC Sekuritas analyst Herditya Wicaksana also said the JCI movement yesterday was in line with its technical projections.
For trading on Thursday (17/9), Valdy and Herditya predict, JCI will be corrected again. The two of them estimated, support JCI today will be at the level of 5,000 and resistance at 5,100. In detail, support IHSG according to Valdy was in the range of 5,000-5,050 with resistance in the range 5,075-5,100.
Technically, this projection is based on a breakout lower bound 5,100 on Wednesday trading (16/9). Along with this, there is a tendency towards a narrowing slope between MA20 and MA50.
“Apart from technical considerations, the JCI movement will be influenced by the decision of the Fed’s benchmark interest rate and the FOMC Economic Projections on Thursday (17/9),” said Valdy when contacted by Kontan.co.id, Wednesday (16/9).
Meanwhile, Herditya assessed, the JCI today is still vulnerable to correction to test as well as close gap which is in area 5,016. “We estimate that the JCI movement will be influenced by sentiment at the Bank Indonesia Board of Governors Meeting,” he said.
Meanwhile, according to Valdy, attractive stocks are PT Bank Central Asia Tbk (BBCA), PT Unilever Indonesia Tbk (UNVR), PT Astra International Tbk (ASII), PT Pakuwon Jati Tbk (PWON), and PT Metrodata Electronics Tbk (MTDL).
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Reporter: Nur Qolbi
Editor: Tendi Mahadi