Jakarta, CNBC Indonesia – The increase in daily positive cases of the Corona virus in Indonesia which reached 8,363 on last Thursday, December 4, 2020 could be a negative sentiment for stock trading this weekend.
Spokesperson for the Covid-19 Handling Task Force, Prof. Wiku Adisasmito, even said that the additional cases could not be tolerated.
“We can see that in the last few days we have set new records. Previously we have never reached above 5,000, but unfortunately positive cases are increasing, even per day, reaching more than 8,000 cases. This is a very large number and cannot be tolerated. “said Prof. Wiku, in a press conference on Thursday (3/12/2020).
Last Thursday, the Composite Stock Price Index (JCI) closed up 0.15% to 5,822.94 points with a transaction value of Rp 19.64 trillion with a frequency of 1.27 million times. Meanwhile, foreign market players were recorded to have taken a net buying action worth Rp 264.23 billion.
Head of Research of PT MNC Sekuritas, Edwin Sebayang, assessed that in trading at the end of this week, JCI still has the opportunity to continue the increase.
This was supported by the conducive discussion of the stimulus package, the distribution of the Covid-19 vaccine and the increase in Boeing shares, which became the catalyst for the Dow Jones index to rebound by 0.29%.
Several other commodities also showed gains such as coal 3.99%, crude oil 1.01%, gold 0.65%, CPO 1.77% and tin 0.88%. “JCI is expected to move at the level of 5,777 – 5,867,” said Edwin, in his research, Friday (4/12/2020).
Meanwhile, Mega Capital Sekuritas observed that in trading at the end of this week, the JCI is expected to fluctuate in the index, which tends to weaken in the range of 5,755 – 5,875.
Asian stock markets closed with the majority higher, supported by positive PMI data from Japan and China. Meanwhile, the Purchasing Manager Index (PMI) data is also a catalyst in both European and US stock markets.
From Germany’s November Markit Composite PMI fell to 51.7 pts from 55.0 pts while in the UK the Markit / CIPS Composite PMI also fell to 49.0 pts from 52.1 pts. As a result, most of the European stock markets were corrected. From the US, the Markit Composite PMI rose to 58.6 pts from 56.3 pts while the ISM Non-Manufacturing PMI fell to 55.9 pts from 56.6 pts.
(hps / hps)
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