Jakarta (Benchmark News) – Composite Stock Price Index (CSPI) is likely to trade higher on Wednesday (07/09/2016). Two stocks favored to be taken into consideration.
Just so you know, JCI at the close on Tuesday (09/06/2016), up 15.14 points or 0.28% at 5372.09.
Recorded 128 stocks rose, 86 stocks stagnant and 184 stocks fell. Consumption and manufacturing sector as a driver of the increase in the index.
Zabrina Raissa capital market analysts say, the target JCI resistance level of support at 5.430 and 5.330
“Technically, we see JCI is likely to strengthen in the technical range of 5330-5430 supported by relatively stable rupiah in the range of 13100-13200,” he said in Jakarta, Tuesday (06/09/2016).
He mentioned, catalysts Technically, JCI fueled positive sentiment tax amnesty that would bring in funds targeted repatriation of the government as much as Rp165 trillion.
“From domestic, today investors are still reviewing the progress of the Tax Amnesty program,” he explained.
For investors, it can collect two shares of the issuer animal feed derived from both issuers and retail.
“Stocks are recommended, PT Japfa Comfeed Indonesia (JPFA) for Price Earning Ratio (PER) is still cheap and PT Matahari Department Store Tbk (LPPF) associated strong result in the first half of 2016,” he said. Source : Zabrina Raissa capital market analysts