Jakarta, CNBC Indonesia – The Composite Stock Price Index fell 2.95% to 5,612 points in trading earlier this week, Monday, November 30, 2020.
The JCI was corrected considerably in the impact of the concerns of foreign market players regarding the deteriorating handling of Covid-19 in Indonesia with the addition of increasing cases making selling actions inevitable.
Trade data noted that yesterday’s transaction value reached Rp 32.82 trillion with a frequency of 1.68 million times. Foreign investors were recorded to have sold Rp 3.27 trillion.
The stocks that were traded a lot yesterday included PT Telekomunikasi Indonesia Tbk (TLKM), PT XL Axiata Tbk (EXCL), PT Bank Central Asia Tbk (BBCA), PT Bank Negara Indonesia Tbk (BBNI) and PT Astra International Tbk (ASII) .
Before starting trading Tuesday (12/1/2020), consider the recommended stock options from a number of brokers summarized by CNBC Indonesia:
1. MNC Sekuritas – JCI Still Has the Opportunity to be Corrected
JCI closed down 3% correction to 5,612 levels. With aggressive correction taking place and the breach of 5,669, currently JCI is in a wave [iv] from wave 3. The JCI correction area yesterday was hit, while the next JCI correction is estimated to be in the range of 5,400-5,500. Despite the rebound, it is estimated that JCI will tend to tend towards the 5,710 in the short term first.
Preferred stocks:
2. CGS-CIMB Sekuritas Indonesia – Covid-19 Cases Rise Sharp
Investors responded negatively to the increase in the number of daily positive cases of Covid-19. On the other hand, selling pressure will still be visible but not as big as yesterday. Today, investors are scrutinizing the release of domestic macro data. JCI is predicted to weaken in today’s trade.
Preferred stocks:
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