Market Prediction
JCI managed to increase above the level of 6,342, this
figure is the highest since the last 6 months of trading.
The stocks that were driving the index yesterday were
BBCA, BMRI, BBRI and MDKA. The sectoral indexes that
recorded the highest gains yesterday were Property,
Energy and Basic Materials sectors.
JCI closed higher with a bullish candle. The stochastic
indicator is in the overbought area but still strong, MACD
histogram is moving positive (bullish line) and volume is
increasing. If JCI moves bullish again, it could strengthen
again to the resistance at the range of 6,394 – 6,428. If JCI
moves bearish, JCI is expected to decline again to close the
gap area to support at the range of 6,272 – 6,286.
Commodities Review
- World crude oil prices soared after the oil
producing countries (OPEC) and their allies or
known as OPEC+ decided to keep raising
production. This is in line with the increase in
market demand for fuel.
Macro Economic News
- New orders for US manufactured goods
jumped 1.2% mom in August of 2021,
following an upwardly revised 0.7% rise
in July and beating market forecasts of
a 1% rise.
- Services PMI in Japan increased to 47.80
points in September from 42.90 points
in August of 2021.
Corporate news
- PT Integra Indocabinet Tbk (WOOD) increased its sales target to IDR 4.45 trillion by the end of 2021.
This sales target increased 50 percent year-on-year (YoY) from the previous IDR 3.71 trillion.
- PT Ifishdeco (IFSH) received a credit facility of IDR 150 billion. The tactical capital injection was obtained
by the company from Bank Mandiri (BMRI).
- PT Trimegah Karya Pratama Tbk (UVCR) is targeting millions of game downloaders in collaboration with
Garena Indonesia, a game publisher that is part of Sea Limited. This collaboration was marked by the
signing of a Cooperation Agreement between the two parties.
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
