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Ahead of the weekend, let’s make money from these stocks

Jakarta, CNBC Indonesia The country’s stock market continued its strengthening trend on Thursday’s trading, supported by the massive buying action of foreign investors.

As a result, the Composite Stock Price Index (JCI) closed up 0.61% to the level of 6,643.93 with a transaction value of Rp 15.13 trillion. Foreign market participants recorded a net purchase of Rp 2.58 trillion.

The most traded shares included PT Bank Central Asia Tbk (BBCA), PT Bank Rakyat Indonesia Tbk (BBRI), PT Astra International Tbk (ASII), PT Telkom Indonesia Tbk (TLKM), PT Merdeka Copper Gold Tbk ( MDKA), to PT Bukalapak.com Tbk (BUKA).

Before starting trading on Friday (10/12/2021), consider the recommendations for selected stocks as summarized by CNBC Indonesia:

1. MNC Asset Management – Limited JCI Movement

The JCI movement in Friday’s trading is expected to tend to move within a limited range and it is possible that profit-taking will occur following the lack of conducive developments last night, starting from the DJIA Index which was closed flat or not moving and the decline in a number of commodity prices.

Preferred stock:

2. Mirae Asset Sekuritas – Fed Rate Increase

Throughout December, will move in a limited range. Uncertainty regarding the economic recovery after the spread of the Omicron variant is expected to weigh on the JCI movement this month. Technically, Mirae Asset Sekuritas estimates the JCI will move in the range of 6,394 to 6,687.

Meanwhile, the Federal Reserve’s plan to accelerate the completion of tapering and the projected increase in the Fed Rate (Federal Reserve interest rate) also became a negative catalyst for the JCI.

Preferred stock:

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