The following stocks are worth watching before window dressing

Reporter: Ika Puspitasari | Editor: Novice Laoli

KONTAN.CO.ID – JAKARTA. Although the stock market is still shrouded in news of the emergence of a new variant of Covid-19, investors who want to enter the market now still have the opportunity to gain money at the close of this year.

Head of Equity Trading MNC Sekuritas Medan Frankie Wijoyo Prasetio said, historically the Composite Stock Price Index (IHSG) in December always experience appreciation. Where is this condition supported by stocks? bluechip due to effect window dressing.

“But, indeed, the sentiment of the latest variant of Covid-19 in Africa, which was stated to be quite worrying, became a negative sentiment that restrained the JCI on Friday,” Frankie said to Kontan, Monday (29/11).

On Friday’s trading (26/11), the JCI fell 2.06% to the level of 6,561.55. Frankie sees this as reasonable considering that investors are worried that the spike in Covid-19 cases at the end of 2019 to 2020 will repeat itself. In fact, the economic condition has only just begun to recover.

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It is also possible that if this new variant of Covid-19 Omicron spreads, especially to Indonesia, it can again hamper the economy. So that market participants took profit taking in the midst of the JCI which was moving up.

Nevertheless, Frankie projects that the JCI movement will be stable in the range of 6,500-6,700 until the end of 2021. Market participants will still wait for developments regarding the latest variant of Covid-19, at least until early next year.

“If investors want to enter at this time, there is still a chance to make a profit. Because, from the JCI correction yesterday, several stocks that are projected to have good performance this year also decline, so that it becomes interesting to consider,” he explained.

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