Bisnis.com, JAKARTA – The Jakarta Composite Index (JCI) is predicted to be limited in line with the extension of Level 4 Community Activity Restrictions (PPKM) on August 3-9 2021, which restrains economic activity.
However, the index still has the opportunity to strengthen in line with the decline in Covid-19 cases. Controlled cases of Covid-19 certainly raise hopes of reopening economic activities.
Today, Monday (2/8/2021) JCI closed up 0.44 percent or 26.5 points to 6,096.54. Throughout 2021, the index only rose 1.96 percent.
Artha Sekuritas analyst Dennies Christopher Jordan explained that the movement of the JCI rose was quite limited, supported by the strengthening of stock markets in Asia and a boost after the number of Covid-19 cases recorded a decline at the weekend.
“On Tuesday (3/8/2021), the JCI is predicted to strengthen,” he explained in a research publication, Monday (2/8/2021).
Technically, JCI will move higher at resistance levels at 6,149 and 6,122, with support levels at 6,058 and 6,021 on Tuesday (3/8/2021). A number of stock options are AGII, PWON, PTPP.
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