Market Review (Session 1)

In session 1, JCI closed positive 0.23% to the level of 6,617.76.

Indonesia's consumer confidence index increased 5.1 points to 118.5 in November from 113.4 in the previous month, amid easing COVID-19 restrictions to contain the spread of the coronavirus.

Market Prediction (Session 2)

JCI : The index managed to strengthen with a bearish candle. JCI is expected to first drop from the current level to yesterday's close to close the gap area.

• ASII : The price closed at 5.850 (-1.26%) and still in the buying range. The price still has a chance to strengthen as long as it stays above support. Confirmation for the next strengthening signal if it can breakup to 5.925. Be careful if the price closed below support level.
• BBRI : Theprice closed at 4.210 (-0.47%) and still in the buying range. The price still has a chance to strengthen as long as it stays above support. Confirmation for the next strengthening signal if it can breakup to levels of 4,230 – 4,250. Be careful if the price closed beliw support level.
• SMRA : The price closed at 865 (-1.70%) and is still in the buying range. The price still has a chance to strengthen as long as it stays above support. Confirmation for the next strengthening signal if it can break up to levels of 880 – 890. Be careful if the price closed below support level.
• WIKA : The price managed to touch the first target of 1.245 (+2.46%) and closed stagnant. The price still has a chance to strengthen as long as it stays above support. Confirmation for further strengthening if the price is bullish again or breaks up to 1.245. Be careful if the price closed below support level.

News.

• Bfi Finance Distributes Interim Dividend Idr 7 Per Share. PT BFI Finance Indonesia Tbk (BFIN) will distribute interim dividends to its shareholders for the 2021 financial year.
• PT Telefast Indonesia Tbk (TFAS), a subsidiary of PT M Cash Integration Tbk (MCAS), signed a memorandum of understanding regarding the utilization of services and mutual potential to create mutually beneficial synergies with PT PosIndonesia (Persero).

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