Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) was again under pressure on Tuesday’s trading (11/1/2022) amid the trend of rising commodity prices and the massive buying action of foreign investors.
JCI closed down 0.64% to 6,647.97 with a transaction value of Rp 12.94 trillion. Foreign market participants made a net purchase of Rp 1.10 trillion.
The most traded shares included PT Bank Central Asia Tbk (BBCA), PT Bank Rakyat Indonesia Tbk (BBRI), PT Telkom Indonesia Tbk (TLKM), PT Aneka Tambang Tbk (ANTM), to PT Adaro Energy Tbk ( ADRO).
Before starting trading this Wednesday (11/1/2022), consider the recommendations for selected stocks as summarized by CNBC Indonesia:
NH Korindo Sekuritas – The JCI Pressure Hasn’t Ended
US stock market is successful rebound at the close of last Tuesday led by the Nasdaq which rose 1.14%. Market participants responded positively to the testimony of the Fed Head Jerome Powell before the congress, which did not give any indication of more aggressive monetary policy tightening than expected. This sentiment simultaneously lifts technology stocks again megacap.
Domestically, the pressure on the JCI continued with a decline of 0.64% yesterday to a level of 6,647. The decline occurred in 9 of the 11 sectoral indices, amid the lack of new positive catalysts for the stock market. For today, the movement of the benchmark index is expected to tend to weaken in the range of 6,600-6,700.
Preferred stock:
HRUM
ICBP
MTDL
UNVR
MNC Asset Management – JCI Possibility to Strengthen
JCI has a chance rebound in trading this Wednesday. The main catalyst came from the strengthening of the Dow Jones index by 0.51% after four straight days of correction and the strengthening of a number of commodity prices. JCI is expected to move in the range of 6,592 – 6,688.
Preferred stock:
AALI
BBCA
INDF
PTBA
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