Market Review (Session 1)
Indonesia's trade surplus declined to USD 2.91 billion in March 2023 from USD 4.54 billion in the same month of the previous year, below market expectations of a USD 3.99 billion gain.In session 1, JCI closed negative 0.63% to the level of 6,775.89

Market Prediction (Session 2)
JCI : Index closed lower as we expected. The index is still expected to move volatile with a decline to the nearest support.

• BMRI : the price closed at 5,150 (-1.43%) and is still in the buy range. The price still has a chance to strengthen again if it stays above the support. The price can move to test support first. Be careful if the price breakdown below support level.
• DMMX : the price managed to touch the first target at 680 (+3.03%) and closed at 670 (+1.51%). The price still has a chance to strengthen again if it stays above the support. Be careful if the price breakdown below support level.
• INCO : the price closed at 6,450 (-1.90%) and is still in the buy range. The price still has a chance to strengthen again if it stays above the support. The price can move to test support first. Be careful if the price breakdown below support level.
• JSMR : the closing price at 3,320 (-2.06%) and still in the buy range. The price still has a chance to strengthen again if it stays above the support. The price can move to test support first. Be careful if the price breakdown below support level.

News

Eastparc Hotel (EAST) throughout the first quarter of 2023 recorded a profit of IDR 8.08 billion. An increase of 29 percent from the same period last year of IDR 6.22 billion.

PT Indonesian Tobacco Tbk (ITIC) recorded a 9.2% increase in profit for the period from IDR 3.79 billion in the first quarter of 2022 to IDR 4.14 billion in the first quarter of 2023.

PT Kiwoom Sekuritas Indonesia (KSI)
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