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ILLUSTRATION. The Jakarta Composite Index (JCI) closed 0.94% lower at 6,036.17 on Tuesday (12/29).
Reporter: Akhmad Suryahadi | Editor: Wahyu T. Rahmawati
KONTAN.CO.ID – JAKARTA. The Jakarta Composite Index (JCI) closed 0.94% lower at 6,036.17 on Tuesday (12/29). A total of 154 shares rose, 331 shares fell and 137 shares did not move.
At the same time, foreign investors are selling domestic shares. Observed, the number of net sales transactions made by foreigners (net sale) reached 298.22 billion rupees.
On the last day of operations this year, several analysts said JCI still had a chance to get stronger. Phillip Sekuritas Indonesia analyst Anugerah Zamzami Nasr said catalysts that would encourage JCI include signing a vaccine procurement agreement with Pfizer and AstraZeneca.
It should be noted that Health Minister Budi Gunadi Sadikin said the government would soon finalize an agreement to purchase 50 million doses of the Covid-19 vaccine from Pfizer and AstraZeneca.
Read also: Weighing Stock Options for Next Year
The Health Minister said that the agreement with AstraZeneca would be finalized before the end of the year, while the signing with Pfizer would be in the first week of January. With this agreement, the AstraZeneca vaccine is expected to arrive in the second quarter of 2021. Meanwhile, the Pfizer vaccine will arrive in Indonesia in the third quarter of 2021.
Additionally, JCI will also be driven by stronger commodity prices. “Tomorrow JCI has the potential to grow stronger support for at 5,952 and resistance at 6,186, “Zamzami told Kontan.co.id, on Tuesday (12/29).
MNC Sekuritas analyst Herditya Wicaksana also projected that JCI still has little chance of strengthening in the last operation this year. Herditya assessed that sentiment for tomorrow’s trade is quite minimal.
Read also: JCI has the potential to touch the 6,820 level next year
However, historically only at the end of the year did JCI tend to be positive. “However, this year seems to have been limited because the increase in the previous months was relatively fast,” he explained, on Tuesday (12/29). For tomorrow’s trade, Herditya projects that JCI will move with a range support for 6,010 and resistance 6,195.
Technically, Binaartha Sekuritas analyst Muhammad Nafan Aji Gusta Utama said, based on the relationship fibonacci support neither resistance The JCI ranged from 6,009.10 to 6,157.11. According to the indicators, the MACD continues to show a positive signal, although it has shown a pattern dead cross.
Meanwhile, both the Stochastic and the RSI are moving lower within the neutral area. Even so, the JCI movement has tested the MA 10 line so that the possibility of a strengthening is at least towards the level resistance the closest one is still wide open.
Read also: JCI fell 0.94% on Tuesday (12/29) accompanied by a net sale from foreign investors
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