Jakarta, CNBC Indonesia – Massive buying by investors pushed the domestic stock market to rise in trading on Tuesday, November 17, 2020. Investors seem to have dared to enter risky assets along with the discovery of the covid-19 vaccine.
The Composite Stock Price Index closed up 0.63% to the level of 5,529.94 points. Trade data recorded that the transaction value reached Rp. 14.37 trillion with a volume of 16.36 billion. Foreign investors made a net buying of Rp 810.67 billion.
The shares that were traded a lot yesterday included PT Telekomunikasi Indonesia Tbk (TLKM), PT Bank Rakyat Indonesia Tbk (BBRI), PT Bank Central Asia Tbk (BBCA), PT Aneka Tambang Tbk (ANTM) and PT Astra International Tbk (ASII). ).
Before starting trading Wednesday (11/18/2020) consider the recommended stock options from a number of brokers summarized by CNBC Indonesia:
1. MNC Sekuritas – IHSG Test Level 5,600
JCI closed up 0.6% again at the level of 5,529 and has broken through the resistance level at 5,520. It should be noted that currently JCI according to MNC Sekurias is estimated to be in the wave v area of wave (v) [iii] with the target in the range 5,570-5,650. After that, JCI will be vulnerable to correction to form waves [iv] with correction target of 5,350-5,470.
Preferred stocks:
2. Reliance Sekuritas – Still Shadowed by Covid-19
Investors took a break after global stock markets rallied to all-time highs on Monday due to Moderna Inc.’s vaccine sentiment. proven to be 94.5% effective in clinical trials. But distribution and vaccination are still months away amid the addition of Covid-19 cases that are spreading rapidly in the US and Europe.
On the other hand, Chancellor Angela Merkel warned that the situation in Germany remains very serious, while Ohio, Illinois and Pennsylvania announced new restrictive policies related to the virus.
Preferred stocks:
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