JCI will break 6,200, foreigners rush to buy these 10 shares



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Jakarta, CNBC Indonesia – The Jakarta Composite Index (JCI) failed to close at the psychological level of 6,200 on Monday (12/21/2020). However, JCI was able to close 1.07% at 6,169.64, soon to break the 6,200 level.

The commercial data recorded that the value of the transaction reached Rp 20.66 billion, with a trading volume of 27.92 billion shares and a trading frequency of 1.55 million times. JCI had reached its highest level of 6,195 although it finished at 6,169.

Foreigners recorded a net sale of Rs 142.28 billion on the regular market, while on the spot and tradable markets there was a net purchase (net purchase) of Rs 229.65 billion.

The following is a list of 10 stocks with the highest net buy action on the regular market, on Monday (12/21/2020).

10 Net foreign purchase (Senin, 12/21)

1. Net purchase of the Central Asian Bank (BBCA) Rp 329.6 billion, share price + 0.44% Rp 34.150

2. Net purchase of United Tractors (UNTR) 44,500 crore, shares + 6.20% 28,275 rupees

3. M Cas Integration (MCAS) net purchase Rp 38.9 billion, shares + 13.77% Rp 3,800

4. Net purchase of Unilever Indonesia (UNVR) Rs 34,500 crore, shares + 0.33% Rs 7,625

5. Net purchase of Indah Kiat Pulp & Paper (IKNP) Rs 28,600 crore, shares + 0.96% Rs 10,500

6. Barito Pacific (BRPT) net purchase Rs 15,500 crore, shares + 1.60% Rs 1,270

7. Net purchase of Jasa Marga (JSMR) Rp 8,200 million, shares + 0.85% Rp 4,750

8. Net purchase of Ace Hardware (ACES) 8,000 million IDR, shares -1.08% 1,830 IDR

9. Matahari Department Store (LPPF) net purchase Rp 7.3 billion, shares -1.06% Rp. 1,405

10. Net purchase of Summarecon Agung (SMRA) Rp 7.3 billion, shares + 0.56% Rp 900

From the outside, the sentiment about the strengthening of JCI was due to an agreement by the United States Congress regarding a stimulus of $ 900 billion that included Direct Cash Assistance (BLT) worth $ 600 per person .

Turning to the domestic market, market players have responded positively to the speech to reorganize Maju’s cabinet ministers who are scheduled to be executed on Wednesday this week.

As is well known, plans to reshuffle the cabinet have been widely heard lately, along with the push from two Jokowi ministers who were arrested by the Corruption Eradication Commission (KPK), namely the former Minister of Marine Affairs. and Fisheries (KKP) Edhy Prabowo and the Minister of Social Affairs, Juliari Batubara. The political communication of the president with the party leaders has also been carried out intensively.

Edwin Sebayang, president of the Indonesian Association of Securities Analysts (APEI), thinks that market players are already aware of the sign of this cabinet shakeup, along with the names that have spread to the public.

However, Edwin said, these names are still speculative and President Jokowi has the prerogative to determine which assistant is suitable to be replaced.

“I heard that the reorganization speech is still speculative and just wants to ‘control the waves’, market players are overreacting to the rise of certain stocks under certain names. Even though they are still fluid and speculative in nature,” he said when contacted by CNBC Indonesia on Monday (12/21/2020).

The CNBC Indonesia Research Team technically evaluated the JCI movement using time periods (hourly) of the Boillinger Band (BB) indicator using the upper bound area method (resistance) and lower limit (support for).

On Monday, JCI is in the upper bound area, so JCI’s next move has the potential to be appreciated.

To convert the bias to bullish or strengthening, it is necessary to pass the levels resistance which is in the 6,203 area.

Meanwhile, to continue the trend bearish or the decline needs to level up support for which is in area 6155.

[Gambas:Video CNBC]

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