Jakarta, CNBC Indonesia – Despite being hit by a sell-off by foreign market players, the domestic stock market still ended up in the green zone on Thursday’s trading.
The Composite Stock Price Index (JCI) closed up 0.24% to 6,699.34 with a transaction value of Rp 13.66 trillion. Foreign market participants made a net sale of Rp 14.18 billion.
The most traded stocks include PT Bank Central Asia Tbk (BBCA), PT Bank Rakyat Indonesia Tbk (BBRI), PT Bank Jago Tbk (ARTO), PT Bukalapak.com Tbk (BUKA), to PT Kalbe Farma Tbk. (KLBF).
Before starting trading towards the end of this week, Friday (11/26/2021), consider the recommendations for selected stocks as summarized by CNBC Indonesia:
1. MNC Asset Management – Commodity Price Falls
Amid the closing of Wall Street celebrating the Thanksgiving holiday, the prices of several commodities fell 0.46% crude oil, gold prices fell 0.06%, nickel and tin also fell 0.58% and 0.55%.
From within the country, investors need to anticipate what impact the delay in the implementation of the Job Creation Law will have on real investment conditions and related capital. The reason is that the Constitutional Court ordered the government and the DPR to repair it within the next two years. If the provisions at that time do not complete the repair, then the Job Creation Act becomes permanently unconstitutional.️️
Preferred stock:
2. NH Korindo Sekuritas Indonesia – JCI Maintains Increase
The majority of global stock indexes closed higher on Thursday’s trading, mainly triggered by increases in technology sector stocks.
European stock markets managed to rebound after being corrected due to fears of an increase in Covid-19 cases. The market is also appreciating a minor correction in the Dollar Index after hitting new highs in the last 17 months.
Domestically, the JCI movement had touched the highest intraday level; before closing up 0.24%. The transportation sector again took the lead with a gain of 3.56%; amidst the lack of new sentiment tends to be. Towards the end of the week, the benchmark index will try to maintain its upward trend with a projected range of movement at 6680-6.850.
Preferred stock:
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