The stock exchange transaction will begin, according to analysts’ recommendations for the shares of BJTM, BBTN, RALS

Reporter: Kenia Intan | Editor: Adi Wikanto

KONTAN.CO.ID – Jakarta. The Indonesia Stock Exchange will immediately start stock transactions for the Monday edition, March 8, 2021. Artha Sekuritas Indonesia analyst recommends three selected stocks for investors to observe today, namely PT Bank Tabungan Negara Tbk (BBTN), PT Ramayana Lestari Sentosa Tbk (RALS) and PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM).

Composite Stock Price Index (IHSG) closed in the red zone for trading, Friday (5/3). JCI was recorded to have weakened 0.51% or 32.05 points to the level of 6,258.75.

Quoting data from the Indonesia Stock Exchange (IDX), the majority of the sectors on the stock exchange are turning red. The most significant weakness was felt by the raw material sector, which fell 2.02%. After that, the energy sector and infrastructure sector fell 2.01% and 1.58% respectively.

Artha Sekuritas Indonesia analyst, Dennies Christoper Jordan, noted that the JCI closed lower in line with the weakening of global stock markets due to concerns that it would rise again. yield US bonds.

Dennies predicts the JCI will continue to weaken in trading, Monday (8/3). JCI will move with levels support 6,233 to 6,208. While level resistance 6,295 to 6,332.

Also Read: The JCI is predicted to continue its decline on Monday (8/3), pay close attention to these stocks

“Technically indicator stochastic moving wide forming deadcross indicates the potential for weakening will continue, “said Dennies in a research received by Kontan.co.id, Friday (5/3).

Further Dennies predictions, the movement of the JCI today is still overshadowed by anxiety about the rise yield US bonds. Investors will observe several economic data at the beginning of the week, including foreign exchange reserves and trade balance China.

In the midst of today’s JCI prediction that will weaken, Dennies recommends three preferred stocks for today, namely:

1. PT Bank Tabungan Negara Tbk (BBTN)

BBTN shares have limited movement but are still in the medium term bullish trend channel. Investors are advised to enter BBTN shares at a price of Rp 2,070 to Rp 2,120.

Then, investors can stop loss BBTN shares at Rp 2,050. The target price for BBTN’s shares is set at Rp 2,200 to Rp 2,250.

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