Market Prediction
On Thursday trading, JCI closed stagnant at the level of
6,109.
Meanwhile, the majority of Wall Street stock markets
closed lower because the market responded to data on
jobless claims which increased last week.
JCI closed down with a bearish candle. The stochastic
indicator is weak, MACD histogram is moving positive
(golden cross line) and volume is increasing. If JCI moves
bullish, there is a chance to strengthen again to the
resistance at the range of 6,130 – 6,150. If JCI moves
bearish and breakdown below level 6,099, JCI will
continue down to support at the range of 6,072 – 6,079.
Commodities Review
- The movement of oil prices was observed to be
relatively stable at the end of trading, after
reaching the highest level in the previous few days
as the threat of Hurricane Nicholas to crude oil
production in the US Gulf subsided.
Macro Economic News
- Japan posted a trade deficit of JPY 635.36
billion in August 2021, compared with
market consensus of a gap of JPY 47.7 billion
and reversing from a surplus of JPY 227.98
billion in the same month a year earlier.
- Retail sales in the US unexpectedly rose
0.7% mom in August of 2021, following an
upwardly revised 1.8% fall in July, and
beating market forecasts of a 0.8% drop.
Corporate news
- PT Gunung Raja Paksi Tbk (GGRP) is preparing to improve its performance in the remainder of 2021.
GGRP managed to pocket a net profit of US$ 22.62 million. In fact, in the first semester of 2020, the
company suffered a net loss of US$ 10.80 million.
- PT Indosat Ooredoo Tbk (ISAT) and PT Hutchison Tbk (H3I) will become the second largest operators in
Indonesia. This position can be achieved after the two have officially merged or merged.
- PT Pemeringkat Efek Indonesia (Pefindo) has affirmed its idA rating with a stable outlook for PT
Summarecon Agung Tbk (SMRA) and its debt securities.
PT Kiwoom Sekuritas Indonesia (KSI)
Treasury Tower 27th Floor Unit A, District 8 Kawasan SCBD Lot 28
Jl.Jend.Sudirman Kav 52-53, Jakarta Selatan 12190
Telp : +62 21 5010 5800
Fax. +62 21 5010 5820
Website : www.kiwoom.co.id
