Bareksa Feb. 13th. 2018 08:00
Yesterday JCI closed up 0.28 percent to 6,532.45
A man crossed the electronic screen of the stock movement on the Indonesia Stock Exchange, Jakarta, Friday (9/2). at the close of the weekend trade, the Composite Stock Price Index (IHSG) fell 39 points or 0.6 percent to 6,505. (BETWEEN PHOTOS / Akbar Nugroho Gumay)
Bareksa.com - In trading Monday, February 12, 2018, Composite Stock Price Index (CSPI) closed slightly higher 0.28 percent to 6,523.45. trading volume reached 15.64 billion shares with transaction value Rp7, 74 trillion.
A total of 264 stocks rose, 116 stocks weakened, and 105 shares unchanged. Foreign investors recorded a net sell of Rp583.2 billion.
sectorally, seven out of 10 sectors ended up in the green zone with the highest increase occurring in agriculture (1.73 percent), followed by mining (1.69 percent), and property (1.24 percent)
As for the three sectors that weakened namely basic industry sectors (-1.44 percent), manufacturing (-0.6 percent), and consumer (-0.52 percent).
Some of the stocks that boosted JCI's gains in yesterday's trade include:
• PT Bank Rakyat Indonesia Tbk (BBRI): 2.42 percent
• PT Hanson International Tbk (MYRX): 36.58 percent
• PT Sarana Menara Nusantara Tbk (TOWR): 6.47 percent
• PT Rimo International Lestari Tbk (RIMO): 34,50 percent
• PT Bank Negara Indonesia (Persero) Tbk (BBNI): 1.06 percent
Technical Analysis of JCI
according to Bareksa analysis, technically JCI movement in yesterday trading formed bullish spinning top with relatively small body. the condition represents a high enough pressure on the index by moving mixed within a limited range, even if it ends in a positive zone.
intraday, index movement tends to be depressed in the first 15 minutes of trading before it can finally turn up strong and tend to be stable until the end of trading.
Volume indicator is showing an increase indicating the volatility is still high enough. MA line 5 has happened death cross with MA 20 indicating the presence of less good signal and current index movement still below the line.
Viewed from a technical point of view, today JCI has the potential to continue strengthening again with a relatively limited range. US stock conditions this morning continued to rebound from the end of last week with the rise of the Dow Jones (1.7 percent), the S & P 500 (1.39 percent), and the Nasdaq (1.56 percent).
then some of the world's commodities also experienced increases such as WTI oil prices (0.29 percent), tin (0.25 percent), nickel (1.24 percent), to gold (0.71 percent). It can be a positive catalyst for index movement on the day. (AM)