The JCI September 9, 2019
Sᴇᴘᴛᴇᴍʙᴇʀ 9, 2019
* Tʜᴇ JCI ᴛʀᴀᴅɪɴɢ ʀᴀɴɢᴇ 6,240ᴘᴛ-6,325ᴘᴛ (Fʀɪᴅᴀʏ ᴄʟᴏsᴇ: 6,309ᴘᴛ)
* Wᴀʟʟ Sᴛʀᴇᴇᴛ ᴏɴ ʜᴏʟᴅ ꜰᴏʀ ɴᴇxᴛ ʀᴏᴜɴᴅ ᴛʀᴀᴅᴇ ɴᴇɢᴏᴛɪᴀᴛɪᴏɴs ɪɴ ᴇᴀʀʟʏ Oᴄᴛᴏʙᴇʀ
* Tʜᴇ JCI ɪs ᴍᴜᴛᴇᴅ ꜰᴏʀ ʙᴏᴛʜ ᴅᴏᴍᴇsᴛɪᴄ ᴀɴᴅ ʀᴇɢɪᴏɴᴀʟ ᴜɴᴄᴇʀᴛᴀɪɴᴛɪᴇs ᴡʜɪʟᴇ ᴘʀɪᴄᴇs sᴜᴘᴘᴏʀᴛ
Morning,
The Jakarta Composite Index (JCI) today (9/9) is expected to be in the range of 6,240pt – 6,325pt on hope for trade negotiation in Washington DC next month will find a final deal for the US and China. The DJIA on Friday session (6/9) ended higher by 69 points or 0.6% higher to 26.797pt, while the S&P 500 and the Nasdaq almost unchanged.
At the other end, WTI price ended stable by a slight increase of 0.4% to USD56.6/barrel on Friday session, and the USDIDR appreciated to IDR14.140 vs. previously of IDR14.153. Both are expected to support the JCI.
We keep the following recommendations. These counters have been hit hard since the end of March this year and thus offer bargain opportunity both for trading and longer term investment purpose. 𝐀𝐀𝐋𝐈, 𝐋𝐒𝐈𝐏 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘈𝘨𝘳𝘪, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘜𝘯𝘥𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵 ), 𝐔𝐍𝐓𝐑, 𝐈𝐓𝐌𝐆, 𝐀𝐃𝐑𝐎, 𝐏𝐓𝐁𝐀 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘊𝘰𝘢𝘭 𝘔𝘪𝘯𝘪𝘯𝘨, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘔𝘢𝘳𝘬𝘦𝘵-𝘸𝘦𝘪𝘨𝘩𝘵), 𝐆𝐆𝐑𝐌, 𝐔𝐍𝐕𝐑, 𝐈𝐂𝐁𝐏 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘊𝘰𝘯𝘴𝘶𝘮𝘦𝘳, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘖𝘷𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵 ), 𝐀𝐒𝐈𝐈 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘈𝘶𝘵𝘰𝘮𝘢𝘵𝘪𝘷𝘦, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘔𝘢𝘳𝘬𝘦𝘵-𝘸𝘦𝘪𝘨𝘩𝘵), 𝐚𝐧𝐝 𝐀𝐂𝐄𝐒, 𝐒𝐂𝐌𝐀, 𝐌𝐀𝐏𝐈 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘛𝘳𝘢𝘥𝘦, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘖𝘷𝘦𝘳𝘸𝘦𝘪𝘨𝘩𝘵),𝐚𝐧𝐝 𝐓𝐊𝐈𝐌 (𝐬𝐞𝐜𝐭𝐨𝐫 𝐨𝐟 𝘉𝘢𝘴𝘪𝘤 𝘐𝘯𝘥𝘶𝘴𝘵𝘳𝘺, 𝐚𝐥𝐥𝐨𝐜𝐚𝐭𝐢𝐨𝐧 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝘔𝘢𝘳𝘬𝘦𝘵-𝘸𝘦𝘪𝘨𝘩𝘵).
Cheers,