Market Review (Session 1)

In session 1, JCI closed decrease 0.18% to the level of 6,710.39 Retail sales in Indonesia increased by 1.5 percent year-on-year in April 2023, slowing from a 4.9 percent growth in the previous month.

Market Prediction (Session 2)

JCI : Index closed slightly lower again. JCI is expected to move sideways with volatile movements.

• CFIN : the price hits first target at 448, high at 454 (+5.09%) and close at 440 (+1.85%). The price still has a chance to strengthen to the next target. Be careful if the price breakdown below support level.
• JPFA : the price closed at 1,230 (-1.99%) and is still in the buy range. The price still has a chance to strengthen again if it stays above the support. Be careful if the price breakdown below support level.
• SMGR : the closing price at 6,050 or stagnant and still in the buy range. The price still has a chance to strengthen again if it stays above the support. Be careful if the price breakdown below support level.

News

• PT Total Bangun Persada Tbk (TOTL) as of May 2023, TOTL has won new contracts of IDR 1.22 trillion originating from various projects.

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