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Tax Amnesty Movement Contributes To (Jakarta Composite Index)

Jakarta (Benchmark News) – The rate of the composite stock price Index (IHSG) would vary markedly in the week ahead. The JCI (Jakarta Composite Index) movement influenced by the realization of the first period of remission of tax or tax amnesty.

PT Recapital Securities analyst Kiswoyo Adie Joe says, the realization of the tax amnesty be decisive movement of JCI (Jakarta Composite Index).

“The global Sentiment The Fed has already done, indeed waiting factor tax amnesty,” said he to the Liputan6.com, Jakarta, Monday (26/9/2016).

Kiswoyo explains, the realization of the tax amnesty in particular repatriation specifying the direction of JCI. Inasmuch, this flow of funds could go into any instrument of capital market was no exception.

Based on the dashboard of a tax amnesty Sunday night at 18.40 BST, number of treasures that have been reported to reach Rp 1,770 trillion. From there, as much as Rp 92.6 trillion is repatriation, Rp 1,198 trillion Declaration within the country, and Rp 480 trillion foreign declarations.

“Target fund repatriation Rp 1,000 trillion, Rp 100 trillion yesterday is still lacking,” he said.

On this weekend, Kiswoyo estimating JCI are on support and resistance 5,100 5,500.

Kiswoyo recommends shares of PT Steel Pipe Industry of Indonesia Tbk (ISSP), PT Unilever Indonesia Tbk (UNVR) and PT Ciputra Development Tbk (CTRA).

PT HD Capital estimate JCI will strengthen. Because, a few last week investors are constantly doing the action of selling shares. HD Capital predict JCI approached 5,370 resistance level.

HD Capital vote shares of PT Astra International Tbk (ASII), PT Bank Mandiri Tbk (BMRI) complex, PT Bumi Serpong Damai Tbk (BSDE), and PT Telekomunikasi Indonesia Tbk (TLKM).(Red)

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