Jakarta Composite Index (JCI) potentially closes this week with strong rally after it was closed slightly up 0.05% to 3,823.65 yesterday as provided by Bisnis.com today:
Minna Padi Investasi:
The brokerage believes foreign net buy will sustain the strong index today. It predicts the index to move between 3,798-3,872 and suggests ‘buy’ on shares like BBCA, BBRI and ASII.
It sees potential of the index to further rally at 3,807-3,835 on the influence of regional sentiments. It recommends ‘buy’ on shares like BDMN, TINS, ISAT, and BBCA.
It predicts the index to fall to 3,794-3,843 with recommended shares like TINS and ANTM.
It sees fluctuation to go stronger at 3,796-3,848 as investors will still focus on US and European macro economic data amid the absence of domestic sentiment.
Disclosure: No position at the stock mentioned above.
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