PT Mirae Asset Sekuritas Indonesia predicts that the stock exchange transaction value and the Jakarta Composite Index movement will be consolidated in April, in line with the weak domestic macroeconomic conditions and the fasting momentum.

Investment Information Head Mirae Asset Sekuritas Roger M.M. predicts the value of stock exchange transactions will be cut to a range of Rp9 trillion per day, down from the average January, February, and March, which were Rp20 trillion, Rp15 trillion, and Rp10 trillion per day, respectively.

"In April, there is a possibility that it will slightly decrease to around Rp. 9 trillion per day. The fasting factor will usually make the daily transaction value slower than before," he said in Jakarta, Thursday (8/4).

Roger predicts that a downtrend will consolidate the JCI as support for 5,892-5,735 and resistance at 6,195-6,281.

"There are two positive factors that could support the JCI movement going forward, but it will still be diluted by one negative factor, namely macroeconomic conditions," he explained.

Meanwhile, Mirae Asset Sekuritas economist, Anthony Kevin, assessed that in terms of macroeconomic conditions, the positive outlook for global economic recovery is still limited by conditions in the country that are not yet good enough.

"Some of the main conditions are the distribution of Covid-19 vaccination which is still slow and the economy of the lower middle class which has not improved," he said.