Stocks that received buy recommendations today include ANTM, ASII, AALI, and INCO
REPUBLIKA.CO.ID, JAKARTA — The Composite Stock Price Index (IHSG) turned higher in early trading Friday (25/2). JCI opened up to the level of 6,825.37 after experiencing a sharp decline in yesterday’s trading by 1.48 percent.
Indo Premier Sekuritas says strengthening IHSG in line with the index on Wall Street, which closed higher overnight. Investors’ buying action on technology stocks became the main support for the index’s strengthening.
Domestically, technology stocks have also driven the JCI’s rise. ARTO, which is included in the big cap stock list, rose 5.07 percent to 16,050. In addition, EMTK also shot up 3.38 percent and was followed by BUKA which rose 1.19 percent.
“Reverse to the strengthening of the index on Wall Street, which was supported by investors’ buying action on technology sector stocks, it is predicted that this will be a positive sentiment in the market,” he said. Indo Premier Securities in his research, Friday (25/2).
In addition, rising commodity prices such as crude oil, tin and coal are likely to add to the positive sentiment for the JCI. This morning, stocks related to these commodities resumed strengthening with INCO up 2.94 percent. ITMG and PGAS gained 0.30 percent each.
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However, Russia-Ukraine tensions are said to still overshadow the movement of the stock market, especially with the start of the Russian invasion of Ukraine. The United States also said it would impose further sanctions to isolate Russia from the global economy.
In the midst of these sentiments, Indo Premier Sekuritas estimates that the JCI will move higher with support at 6,770 and resistance at 6,870. Some stocks that received recommendations to buy today include ANTM, ASII, AALI, and INCO.
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