Oso Sekuritas: IHSG predicted red at the weekend



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Employees move near the dashboard of the Composite Equity Price Index (IHSG) at the Indonesia Stock Exchange, Jakarta on Monday (8/1). – JIBI / Felix Jody Kinarwan

Bisnis.com, JAKARTA – Oso Sekuritas expects JCI to weaken with a move from 5,884 to 5,961.

The Oso Sekuritas team says that HSG is unable to test the closest resistance with a potentially dead stochastic cross and a MACD histogram toward negative with increasing volume.

In the trades yesterday (26/07), JCI closed successfully by 0.21% at 5,946.14. Seven of the ten sector indices ended in the green zone, where the mining and plantation sectors grew by 1% and 0.97%, respectively.

The stocks that led the index are: HMSP, BBRI, BBNI, INKP, BMRI JCI's is produced due to the lack of positive sentiment on the part of households and local investors.

In addition, the rebound in core stocks such as HMSP and BBNI rose 2.7% and 3.8%, respectively, to support JCI. meet for four days in a row. Foreign market players recorded net purchases (Netbuy) of 861 billion rupiahs. The exchange rate of the rupee is appreciated by 0.08% at the level of 14.4463.

Meanwhile, the main stock market indices on Wall Street were mixed, the majority being in negative territory. S & P index down 0.30%, Nasdaq down 1.01%. The weakening of the Nasdaq index and the S & P500 index weighed on the decline in stocks of Facebook and Amazon, in line with the publication of the first half financial statements of 2018, which recorded a lower performance than estimated.

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