JCI Tends to Move Lower on Monday


The Jakarta Composite Index in early trading on Monday (12/4) has the opportunity to be corrected by moving to support levels at 6,015 and resistance at 6,126

"The Indonesian stock exchange tends to weaken in a limited range with thin trading volume and value following the decline in EIDO, weakening commodity prices such as oil, gold, CPO, coal, tin, and nickel amid the resurgence in yields on 10-year US bonds," said Head of Research at MNC Sekuritas Edwin Sebayang in Jakarta.

He added the quiet trade would take place during the month of Ramadan until Eid al-Fitr in May. Sporadic action will only happen to specific stocks.

Bond yield factors, commodity price movements, exchange rate movements, and signals of the Financial Report Q1 / 2021 will be the driving factors for the JCI until Eid.

The stocks that deserve attention in today's trade include PT Bank Negara Indonesia Tbk (BBNI), PT Mayora Indah Tbk (MYOR), PT Japfa Comfeed Indonesia Tbk (JPFA), and PT Bank Mandiri Tbk (BMRI).



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