Check out ICI Projections and Stock Recommendations For Trading Monday (10/10)
Reporter: AKHMAD SURYAHADI | Editor: REVELATION T. RAHMAWATI
KONTAN.CO.ID – JAKARTA. A number of sentiments are believed to still be moves the Jakarta Composite Index (JCI) on Monday trading (10/10).
MNC Sekuritas analyst Herditya Wicaksana assessed that one of the sentiments market, namely the release of Consumer Confidence Index (IKK) data. Besides that, JCI is still influenced by global stock market movements.
For Monday (10/10), we estimate the JCI is still prone to correction with support level 6,995 and resistance at 7,070, bright Herditya, Sunday (9/10).
Meanwhile, Panin Sekuritas analyst Christian Anderson Yuwono assessing, one of the market sentiments on Monday trading is the presence of negative pressure from global, where indications of an economic slowdown in global causes investors concerns to rise.
Christian projects that JCI will move within the range of support levels 6,981 and resistance at level 7,200 on Monday (10/10).
Meanwhile, according to Phillip Sekuritas Indonesia analyst Joshua Marcius, sentiment that may still affect the JCI is the attitude of banks the United States central bank, the Federal Reserve, which will continue to raise interest rates ( hawkish ).
UP 0.55%
The Fed has raised its benchmark interest rate by 75 basis points (bps) to the level of 3%-3.25% in the September monetary policy meeting. Fed Chair Jerome Powell reiterated that his party will continue to be aggressive in raising the benchmark interest rate in order to suppress inflation, to return to the level that is the central banks target of 2%.
Phillip Sekuritas predicts JCI will move within the support range 6,925 with resistance level 7,140 on Monday (10/10). The stocks that Joshua recommends include: INCO, ZONE, BDMN, and ENRG.
LEAD
Christian recommends CLEO, ICBP, ADMR, SRTG, and INDY stocks. Meanwhile, Herditya recommends that investors pay close attention to the issuers shares from IDX Energy such as ADRO, ELSA, and DOID.
As an illustration, the JCI closed down 0.70% to 7,026.783 in trading Friday (7/10). Within a week, the JCI weakened 0.20%.
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