Prone to Profit Taking, Check out Potential Cuan Stocks!

Jakarta, CNBC Indonesia – The domestic stock market moved back into the green zone on Thursday (9/9) trading, supported by the buying action of foreign investors which was quite massive and continued to ramp up the Covid-19 case in the country.

Last Thursday, the Composite Stock Price Index (JCI) closed up 0.70% to 6,068.21 points with a transaction value of Rp 12.76 trillion. Foreign market participants recorded a net purchase of Rp 830.22 billion.

The most traded stocks include PT Bank Central Asia Tbk (BBCA), PT Telkom Indonesia Tbk (TLKM), PT Bank Rakyat Indonesia Tbk (BBRI), PT Bukalapak.com Tbk (BUKA), to PT Astra International Tbk. (ASII).

Before starting trading on Friday (10/9/2021), consider the recommendations for selected stocks as summarized by CNBC Indonesia:

MNC Asset Management – JCI Turns Weaker

The JCI has the potential to reverse downwards in trading this Friday in line with the decline in the Dow Jones index (DJIA) on US Wall Street on the third day by 0.43%. Thus, in 3 days, the DJIA is down -1.39% as initial claims for state unemployment benefits fell 35,000 to a seasonally adjusted 310,000 for the week ended September 4, the lowest level since mid-March 2020.

Preferred stock:

CPIN

TOWR

ANTME

UNTR

Samuel Sekuritas Indonesia – Lack of Positive Sentiment

Retail sales data in Indonesia in July 2021 fell -2.9% yoy (year on year) in line with the Emergency PPKM which was carried out on the islands of Java and Bali that month.

Bank Indonesia estimates that retail sales in August 2021 will improve even though they are still in the contraction phase (-0.1% yoy). Samuel Sekuritas estimates that the JCI will move flat in line with the lack of sentiment and investors tend to wait and see for the release of global and domestic economic data next week.

Preferred stock:

BBCA

INDF

GGRM

LPPF

Indosurya Shines Sekuritas – JCI Potentially Under Pressure

The movement of the JCI to date still seems to be in a reasonable consolidation phase with the potential for pressure that is still far greater than the ability to rise, minimal sentiment is also one of the factors that keeps the movement pattern still stagnant, coupled with the ongoing economic slowdown. .

However, in the long term there are still opportunities for capital gains that can be achieved in investing in the capital market, of course, for certain stocks with good fundamentals, today the JCI has the potential to be depressed in the range of 5,969 – 6,202.

Preferred stock:

AKRA

PWON

JSMR

TLKM

NH Korindo Sekuritas Indonesia – Vulnerable Profit Taking

Wall Street stocks continued their decline at the close of trading (09/09). The US Department of Labor reported that the weekly jobless claims figure fell to 310,000, the lowest level since the pandemic. But this has also raised concerns that the Federal Reserve will begin to reduce its accommodative policy more quickly.

Even though it had dropped below the 6,000 level, the JCI was able to rise towards the end of the trading session and closed above the 200 MA. The increase occurred in 8 of the 11 sectoral indices, with foreign net purchases reaching Rp 830 billion. Towards the end of the week, the benchmark index is still quite vulnerable to profit-taking with a range of movement at 5,950 – 6,100.

Preferred stock:

CPIN

BBRI

ANTME

BRPT

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