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Juan Oktavianus Harahap badyst Artha Securities said that the attitude of restraint of community consumption triggered by the potential increase in bank loan rate. This was in response to BI's benchmark interest rate policy at the end of last week
"This has an impact on declining consumer numbers that could dampen economic growth" Juan said in his research.
Moreover, the inflation rate throughout June 2018 is low, although it coincides with the time of Ramadan and Lebaran. The Central Bureau of Statistics (BPS) calls the June 2018 inflation rate of 0.59% on a monthly basis. This figure is lower than the inflation in June 2017 of 0.69%.
"JCI is expected to weaken due to weak inflation data," Juan said.
Focusing on these domestic sentiments, Juan remains pessimistic about the fact that JCI can advance to 6,000. He predicted JCI to move only in the support range 5.716 and the resistance of 5.887.
Indosurya Shining Securities badyst William Surya Wijaya hopes that JCI could reverse the uptrend thanks to the return of some foreign funds to the stock market. According to him, foreign funds can be a positive feeling for the JCI movement in the long run.
"IHSG is likely to increase," William said through his research. Basically, William said, the Indonesian economy is still manageable to see inflation in June which is considered quite controllable. Therefore, he is optimistic that JCI can break at the level of 5.958.
Meanwhile, JCI recorded yesterday weakened to a level of 5,746 or down 0.9 percent. However, the amount of foreign funds that evaporate on the regular market drops from the usual one that reaches hundreds of billions to only 26 billion Rp.
Contrary to the rise, Wall's stock indexes Street rose sharply last night. Dow Jones rose by 0.15%, S & P 500 by 0.31% and Nasdaq Composite by 0.76%
(beer)
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