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Jakarta, CNBC Indonesia – The Composite Stock Price Index (IHSG) on Tuesday (12/15/20) closed a thin red 0.04% at the level of 6,010.12. Trade data indicated that foreign investors made net purchases of Rp 566 billion in the regular market, transactions reached 17.6 billion IDR.
In trading, the positive sentiment came from good news in the United States (US). Reliance Sekuritas said this news helped Wall Street halt its fourth straight day of decline.
Senate Majority Leader Mitch McConnell said Congress would not leave this year without a spending package, as talks continue to finalize Covid-19 aid.
Democratic and Republican lawmakers will win a bill based on a bipartisan proposal worth $ 748 billion that will inject cash directly into the economy as previous benefits begin to run out at the end of the year.
News about Moderna Inc. vaccine deemed safe by US regulators, paving the way for a second vaccine for immediate emergency clearance.
However, Samuel Sekuritas Indonesia said that the plan to implement strict PSBB in various regions from December 18 to January 8 could have an impact on the current market.
PSBB’s strict policy will require 75% of employees to work from home and will limit the hours of operation of shopping malls, restaurants and other public places. The strict PSBB policy is planned to anticipate an increase in Covid-19 cases in Indonesia.
Still, JCI is forecast to rise slightly on optimism about US stimulus.
Pilarmas Investindo Sekuritas said the index has a chance to strengthen. Stimulus-related meetings will be the story today, with the Fed and Bank of Indonesia meetings in focus for tomorrow
From a technical point of view, MNC Sekuritas estimates that JCI is currently in the wave section [v] of wave 3 with targets 6,020-6,060.
Watch out for the closest JCI support in the 5,775-5,910 area, if JCI aggressively corrects to penetrate that support, especially through 5,563, then JCI will be confirmed to form wave 4 in the 5,500-5,650 area.
Today the index is expected to move in the range of support at 5,910 and 5,775 and resistance at 6,020 and 6,150.
[Gambas:Video CNBC]
(hps / hps)
