The JCI is projected to strengthen on Monday (15/3), this is the driving force

ILLUSTRATION. JCI strengthened 1.49% to the level of 6,358.209 on Friday (12/3). As a result, in the past week the JCI rose 1.07%.

Reporter: Akhmad Suryahadi | Editor: Wahyu T. Rahmawati

KONTAN.CO.ID – JAKARTA. Composite Stock Price Index (IHSG) is projected to regain its strength in trading Monday (15/3). JCI strengthened 1.49% to the level of 6,358.209 on Friday (12/3). As a result, in the past week the JCI rose 1.07%.

Phintraco Sekuritas analyst Valdy Kurniawan said, JCI is expected to test again resistance level 6,380 in Monday’s trade (15/3). Technically, a pattern is formed rising window on the strengthening of Friday (12/3) yesterday. The gain also amplifies the signal golden cross Stochastic RSI indicator falls.

Apart from technical factors, the JCI was also supported by sentiment from abroad. The US $ 1.9 trillion corona stimulus package is also a positive catalyst for the JCI tomorrow. Domestically, market players are waiting for economic data, namely Indonesia’s trade balance.

Also Read: Up 1.07% this week, this is the projection for the JCI next week

Regarding this data, a number of economists predict an improvement in import performance in February 2021. “Improved import performance can be an indicator of accelerating economic activity and consumption in Indonesia during that period,” said Valdy, Friday (12/3).

Valdy projects that JCI will move in a range support 6.180 and resistance 6,380. On Monday’s trading (15/3), market players can observe the potential for further technical rebound in PT Adhi Karya Tbk’s shares (ADHI), PT Waskita Karya Tbk (WSKT) and PT Bank Bukopin Tbk (BBKP). Other shares that can be observed include PT Bank Mandiri Tbk (BMRI), PT Telkom Indonesia Tbk (TLKM), PT Pakuwon Jati Tbk (PWON), PT Ciputra Development Tbk (CTRA) and PT Summarecon Agung Tbk (SMRA).

Also Read: The JCI is predicted to continue increasing on Monday (15/3)