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| IHSG Dapat Katalis Positif, Apa Itu? |
The Composite Stock Price Index (JCI) had entered the support of 6,600-6,630 ahead of the close of trading on Monday (18/7/2022). JCI finally closed up 7.3 points (0.11%) to 6,659.2.
"As long as it stays above the 6,630, JCI maintains a technical rebound to the range of 6,680-6,700 on Tuesday (19/7/2022)," said Phintraco Sekuritas analyst Valdy Kurniawan. He estimates the JCI resistance level ivot at 6,730, p at 6,690, and at 6,630 .
According to Valdy, the rebound in the majority of stock indexes in Europe until Monday afternoon (18/7/2022) WIB could be a positive catalyst for the JCI on Tuesday (19/7/2022). This is influenced by market expectations that the Fed will not be as aggressive as previously predicted in the FOMC July 27, 2022. Previously, the Fed was speculated to be raising the benchmark interest rate up to 100 bps in the FOMC.
In addition, market players also seem to be starting to understand that monetary policy tightening is needed to suppress inflation in order to achieve sustainable in the country or region. This is because inflation in the European Union is expected to rise to 8.6% (yoy) in June 2022 from 8.1% in May 2022.
Domestically, the rupiah exchange rate was supported by an increase in the balance of payments surplus to US$ 5.09 billion in June 2022, in line with the increase in export value which reached 40.68% (yoy) in June 2022 (vs. projection of 30.26% yoy).
“Considering the sentiments above, market participants can pay attention to the potential for rebound in bank stocks, especially BBCA and BMRI. In addition, the potential rebound in AALI, LSIP, DSNG, ICBP, INDF, and UNVR.
Separately, the CEO of Yugen Bertumbuh Sekuritas, William Surya Wijaya, said that the JCI still looks at home in a sideways with limited movement patterns, both up and down opportunities.
"Sentiment on the issuer's financial performance reports throughout the first semester is still being looked forward to in order to provide a boost to the JCI increase. Tuesday, the JCI has the potential to rise with a movement range of 6,578-6,789," he said.
The stock menu options for trading Tuesday (19/7/2022), include HMSP, BBCA, TBIG, ASII, SCMA, PWON, CTRA, SMRA, and KLBF.
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