Jakarta, CNN Indonesia —
Composite Stock Price Index (IHSG) is predicted to weaken in today’s trading, Friday (2/7). Index weakening stock due to a record increase in daily cases covid-19.
Artha Sekuritas Indonesia analyst Dennies Christopher Jordan said that today’s stock market movements were again overshadowed by fears of a surge in daily COVID-19 cases.
For information, positive cases of COVID-19 increased by 24,836 on Thursday (1/7). Yesterday’s case record was the highest record since COVID-19 entered Indonesia in March 2020.
“The government has planned to tighten the Emergency PPKM which will begin on Saturday, July 3, 2021,” said Dennies as quoted from his daily research, Friday (2/7).
He projects that the stock index will move within the support range of 5,934-5,969 and resistance at 6,039-6,074.
Director of Indosurya Bersinar Sekuritas William Surya Wijaya said the lack of sentiment and no capital inflow has the potential to suppress the JCI.
William assessed that the momentum of a reasonable correction can still be utilized by investors, both short, medium, and long term for short-term trading.
He predicts that JCI will advance in the support range of 5,913 and resistance at 6,123.
The selected stocks are BBNI, ICBP, AALI, UNVR, INDF, ASII, WIKA, and JSMR.
In the previous trading, Thursday (1/7), the JCI strengthened to 6,005 or rose 40.46 points or 0.34 percent.
Foreign market participants recorded a net buy or net buy in all markets of Rp226.91 billion.
(wel/one)
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