Financial Statements Affect Strengthening JCI prices

Equityworld Futures, Jakarta - The Composite Stock Price Index (CSPI) is projected to strengthen in stock trading next week. The rate of JCI will be affected by the issuer's financial statements.

PT Recapital Securities analyst Adi Kiswoyo Joe said, amid reports of issuers awaited market participants. Moreover, many large cap issuers who have not released financial report, 2016.

"Kan many of which have not been out bluechip her," he told Liputan6.com, in Jakarta, Monday (13/02/2017).

He is optimistic that the performance of listed companies will be good. That's in line with the macro-economic conditions are improving. "Nice macro, it should be (the performance) is still growing," he added.

Actually, the word Kiswoyo, actuating sentiment index is still deserted. Moreover, this week there is the local elections so that stock trading is relatively short.

He predicted JCI moves on the support 5000 and resistance 5500. "Since July last year, did not come out of it," he explained.

Kiswoyo recommend the shares of PT Bank Mandiri Tbk (BMRI), PT Tiga Pilar Sejahtera Food Tbk (AISA), PT Unilever Indonesia Tbk (UNVR), PT Nippon Indosari Corpindo Tbk (ROTI), PT Jasa Marga Tbk (JSMR).

Throughout the last week (6-10 February 2017), the stock index by 0.20 per cent from 5360.77 to 5371.67 level. The market capitalization also rose 0.20 percent to Rp 5834.13 trillion.

The average daily value of transactions in the Indonesian Stock Exchange (BEI) in the last week increased 23.74 percent to Rp 8.65 trillion from Rp 6.99 trillion.

The increase also followed the increase in the average daily trading volume of 17.71 per cent to 27.24 billion shares. The average frequency rose as much as 6.79 percent to 410.13 thousand transactions.

Throughout last week, foreign investors buying with a value of Rp 223 billion. Meanwhile, in 2017 recorded a net buy of foreign action Rp 73.8 trillion.

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