BI Decision to Keep Key Rate on Hold Supports JCI


The Jakarta Composite Index (JCI) on Friday (19/3) may gain limited strength by moving at the support level at 6314 and resistance at 6387.

Head of Research Equity Technical Analyst at Reliance Sekuritas Indonesia Lanjar Nafi Taulat said that the decision of Bank Indonesia (BI) to hold interest rates at the 3.50% level was a breath of fresh air for investors considering the pressure that has occurred recently after bond yields have strengthened relatively high and speculation hawkish at the Fed.

"Technically, the JCI moved to rebound at the MA20 level and whipsaw at the MA5 level as the closest support. Thus, the index has the opportunity to test resistance around the level of 6387," in his research in Jakarta.

For stocks that deserve to be considered by investors in today's trading, they are ACES, AKRA, ASII, BBCA, BBRI, BBTN, INCO, INTP.


Penulis : Widya