Jakarta, CNBC Indonesia – The domestic stock market at the end of last week touched a new high despite being hit by a sell-off by foreign market players.
The Composite Stock Price Index (JCI) closed up 1.26 percent to 6,720.26 with a transaction value of Rp 14.58 trillion. Foreign market participants made net sales of Rp. 141.22 billion.
The most traded shares included PT Bank Central Asia Tbk (BBCA), PT Bank Rakyat Indonesia Tbk (BBRI), PT Bank Jago Tbk (ARTO), PT Telkom Indonesia Tbk (TLKM), PT Bank Mandiri Tbk (BMRI). ) to PT Perusahaan Gas Negara Tbk (PGAS).
Before starting trading this Monday (11/22/2021), take a look at the recommended stock recommendations as summarized by CNBC Indonesia:
1. NH Korindo Sekuritas Indonesia – JCI continues to strengthen
Wall Street closed mixed at the end of last week (19/11), with weakness in the Dow Jones and S&P 500. On the other hand, the rise in technology stocks managed to bring the Nasdaq index to a new record high above the 16,000 level for the first time. Crude oil prices corrected again by 3%; amid fears of the impact of the lockdown in the European region.
JCI was again able to set a new record high with a gain of 1.04% to the level of 6,720. The gains were supported by various economic data released last week; which gives an indication of solid economic fundamentals. Entering the new week, the movement of the benchmark index is still likely to continue the positive trend with a projected range of movement at 6,700 – 6,800.
Preferred stock:
2. MNC Asset Management – Negative Catalyst for the Indonesian Stock Exchange
The 4th wave of Covid-19 attacks in Europe has forced several European countries to have and will carry out a total lockdown, such as in Austria starting next week which will lock down for the next 20 days. As a result, the Dow Jones index (DJIA) closed down 0.75%. That sentiment is expected to be a negative catalyst for the domestic stock market.
Preferred stock:
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