JCI Wants To Go To 7,000, Don’t Miss These Stocks!

JAKARTA, investor.id – The Composite Stock Price Index (JCI) is expected to test the psychological level of 7,000 in the short term. Fundamentally, a number of positive economic indicators will support the JCI movement. Meanwhile, technically, the JCI came out of the 6,500-6,700 level.

Among these positive indicators can be seen from Indonesia’s economic data which was maintained until early 2022. From the Bank Indonesia (BI) report, Indonesia’s balance of payments surplus (BOP) 2021 was recorded at US $ 13.5 billion, a sharp increase compared to the surplus in the previous year, US$ 2.6 billion.

Likewise, the 2021 economic growth indicator which increased by 3.69%, higher than the 2020 achievement which contracted 2.07% and maintained inflation at 1.87% or was below the lower limit of BI’s target of 3% plus/minus 1 %. Including the realization of investment which reached Rp 901 trillion, grew 9% (yoy) and exceeded the target of Rp 900 trillion.

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Founder Traderindo.com Wahyu Laksono observes that a number of these indicators will become support domestic fundamentals and has the potential to push the JCI out of the 6,500-6,700 level.

As a result, these improvement indicators will also encourage sectors such as banking and finance, logistics transportation, energy and commodities, and digital telecommunications. Moreover, if the pandemic has switched status to endemic. Then, restrictions in various regions were reduced so that the consumer sector also has the potential to rise.

The issuers that are projected to be positive are BBCA, BBNI, BMRI, and BBRI. ASII, which is now entering deeper into the logistics business ecosystem, is also expected to have a flying stock. Including SMDR, IATA, WEHA, and ASSA. Meanwhile, from the energy sector, Wahyu looked at the shares of ITMG, PGAS, PTBA, and ADRO. Then, from the commodity sector there are ANTM, INCO, TINS ​​and from the telecommunications sector there are MTEL and TLKM, MTDL, TFAS, and DMMX.

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“It’s just that the most crucial thing, good fundamentals and technicals in the domestic market will be meaningless if the pressure for capital outflow is very large. But fortunately, the current conditions in the US and Europe tend to weaken and make us more attractive,” Wahyu said Investor Daily.

The proof, by year to date (ytd), foreigners recorded net purchase transactions (net buy) shares in all markets amounting to Rp 19.18 trillion. In the past week, net buy foreign investors reached Rp 3.6 trillion.

According to Wahyu, there is a big problem that makes US and European conditions tend to weaken. First, about inflation and yield. The US and Europe are threatened with inflation like in the 70s because of similar commodity prices super cycle. To make matters worse, Europe is facing natural gas and geopolitical problems between Ukraine and Russia.

Meanwhile, Indo Premier Sekuritas analyst Mino said market participants need to pay close attention to geopolitical tensions between Ukraine and Russia because it carries a fairly large risk.

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If Ukraine and Russia really went to war, for example, it would certainly make energy prices rise. On the one hand, the conflict will have a positive impact on Indonesia as a commodity producer. Unfortunately, on the other hand, the conflict can also trigger inflation to rise quite high in countries such as the US.

“Continuing impact, the US could raise interest rates even more than currently estimated,” he said.

If this happens, continued Mino, the impact will spread to the domestic market. BI will certainly anticipate it. Even so, the hope is that the war between Ukraine and Russia will not actually happen. “So, the monetary policies that have been expected so far will not deviate and will be something positive for our market,” said Mino.

Editor : Jauhari Mahardhika ([email protected])