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ILLUSTRATION. JCI fell 5.01%, from 5,149.38 to 4,891.46 levels in trading on Thursday (9/10).
Reporter: Nur Qolbi | Editor: Wahyu T. Rahmawati
KONTAN.CO.ID – JAKARTA. The Jakarta Composite Index (JCI) fell 5.01%, from 5,149.38 to 4,891.46 on Thursday (9/10). JCI was attacked commercial stop at 10:36 am Jakarta Automated Trading System (JATS) because it fell 5%.
According to data from the Indonesian Stock Exchange (IDX), all stock sectors on Thursday (9/10) closed in the red zone. The three sectors that registered the deepest fall were finance -5.92%, diverse industries -5.90% and basic and chemical industry -5.62%.
Phintraco Sekuritas analyst Valdy Kurniawan predicts that JCI will continue to weaken in operations on Friday (9/11). According to his forecast, JCI will move within a range support for 4,750 and resistance 5,000.
Technically, the IHSG forms hollow down passing the MA50 indicator in the range of the level 5,140 and the psychological level of 5,000 on Thursday (10/9) trading. “Along with this move, an ever-increasing MACD slope was formed line with firing line and the volume of transactions is relatively high, indicating that there is still considerable selling pressure, “Valdy told Kontan.co.id on Thursday (9/10).
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Indo Premier analyst Sekuritas Mino also predicts JCI will decline again support for at level 4,715 with resistance of 5,075
“The negative sentiment is still related to the implementation of large-scale social restrictions (PSBB) for volume II at DKI Jakarta,” said Mino.
Still, Mino saw an opportunity for investors to rake in several large-cap stocks. He advised investors to buy shares of BBRI, BMRI, BBNI, BBTN, ASII and TLKM in installments.
Read also: JCI fell after the announcement of volumes I and II of the Jakarta PSBB, for different reasons
Valdy added that market players should not be too aggressive in responding to opportunities. bargain hunting in tomorrow’s trade. According to him, investors should expect a sign of consolidation that can be seen in the tightening. Pending MACD.
However, fundamentally, the improvement in consumer confidence data in Indonesia in August 2020 and retail sales in Indonesia in July 2020 are considered to be able to support actions related to people’s needs. “It is interesting to watch ICBP, UNVR, TLKM, INDF and KLBF in trading on Friday (9/11),” Valdy said.
Read also: JCI has fallen, the development of the crown is still the focus of the market
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