Bisnis.com, JAKARTA – Market participants are increasingly optimistic about the prospect of growth in the composite stock price index (JCI) in 2022, after rising 10.08 percent in 2021.
The combination of the momentum of economic recovery and the upward trend in commodity prices will be the fuel that will push the JCI past 7,000.
The monetary tightening that will be carried out by the US Central Bank (Federal Reserve) by reducing bond purchases or raising the 7-Day Reserve Repo Rate (7-DRRR) is considered not to hamper the pace of movement of the composite index.
Danareksa Investment Management CIO Herman Tjahjadi said that Indonesia’s macroeconomic conditions were getting better by 2022. This was reflected in the PMI (Purchasing Managers’ Index) manufacturing index which returned to above level 50 indicating expansion and increased mobility of people outside the room.
Meanwhile, the economic enthusiasm will continue to be a strong foundation in the capital market that will lift the stock prices of public companies.
“We from Danareksa IM see that the JCI in 2022 will be between 6,500 – 7,300,” Herman said recently.
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