Jakarta, CNBC Indonesia – A number of securities predict the Composite Stock Price Index (IHSG) on Tuesday (30/3/2021) trading will move lower, after trading on Monday (29/3/2021) the domestic stock market closed down 0.46% to 6,168. 81.
Fluctuations in commodity prices and other sentiments are considered to be the weight of the stock market movement today, Tuesday (30/3).
A number of securities have provided stock recommendations worth considering before today’s trading opens.
Artha Sekuritas – Weighted Commodity Prices
JCI is predicted to weaken. Technically, the movement is still at trend bearish medium-term. The movement will still be overshadowed by fluctuations in world oil prices as well as correction in other commodity prices. From within the country there is still minimal sentiment, especially from economic data.
Preferred stock:
ASII
BBRI
BBNI
WOOD
Pilarmas Investindo Sekuritas – JCI Moves to Weak Limited
JCI has limited opportunities to move lower. One side of positive news from global comes from US President Joe Biden who announced that 90% of adults will be eligible for the vaccine in April so this has given impetus to the Dow Jones Index on Wall Street to hit an all-time high as it will speed up the recovery process.
Preferred stock:
INDF
PGAS
TINS
ASII
MNC Securities – Motion Index Limited
JCI will test the level of 6,128-6,160 and as long as the JCI is still able to hold above the level of 6,060, the JCI has the opportunity to strengthen again to test 6,240-6,250 to form wave (iv) of wave [c] of wave 2 in the red scenario. This means, the strengthening of the JCI will be relatively limited and is still prone to correction to form wave (v) of wave [c] from wave 2.
Preferred stock:
PGAS
UNVR
INKP
(bag bag)
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