JCI May Weaken on Increase in COVID-19 Cases


The Jakarta Composite Index on Monday (17/5) may weaken due to the increase in victims of COVID-19 and several neighboring countries that are also export destinations for Indonesian products, such as Singapore and Malaysia, which will lockdown for the next one month.

"Referring to the combination of the fall of the DJIA, EIDO and commodities in the midst of an estimated increase in victims of COVID-19 and several neighboring countries which are also one of the export destinations for Indonesian products such as Singapore and Malaysia, which will lockdown for the next one month, the Indonesian Stock Exchange has the opportunity to fall in trading this Monday, "said Head of Research at PT MNC Securities Edwin Sebayang in Jakarta.

The JCI is predicted to move within the range of the support level of 5,900 and resistance at 5,991

Shares that deserve market players' attention in today's trade, include PT Vale Indonesia Tbk (INCO), PT Teleko


Penulis : Widya