Movement of the Composite Stock Price Index (CSPI) to Decline Due

Equityworld Futures, Jakarta - rate Composite Stock Price Index (CSPI) is likely to slump in stock trading on Tuesday this week. The rate of the rupiah against the US dollar (US) will affect the rate of JCI.

PT Asjaya Indosurya Securities analyst William Suryawijaya said JCI movement patterns seen moving in the consolidation range. The rate of JCI has not been able to penetrate the resistance level that can slide towards a better consolidation. In addition, the flow of funds of foreign investors who are still out of the stock market will also influence the JCI.

"Not a stronger rupiah against the US dollar, and still fluctuating commodity prices still will give effect to the motion patterns of JCI," he said, in his review, Tuesday (21/02/2017).

He said, JCI will move in the range of 5336-5417 on Tuesday this week. Meanwhile, the research PT Bahana Securities estimate JCI weakening limited. JCI will move in the range of 5350-5415.

The same thing is said to be an analyst at PT Reliance Securities Lanjar Nafi. He said, the index is still vulnerable to selling pressure. JCI will move in the range of 5330-5400.

"Technically, JCI consolidation moves with the movement weakened. Pattern JCI still indicated the pressure up a support level at 5,330 level," he explained.

For stocks that can be observed to market participants, the research PT Bahana Securities, said shares of PT United Tractors Tbk (UNTR), PT Adaro Energy Tbk (ADRO), PT Indo Tambang Tbk (ITMG), and PT Krakatau Steel Tbk (KRAS) ,

While William chose shares of PT Kalbe Farma Tbk (KLBF), PT Adhi Karya Tbk (ADHI), PT Astra Agro Lestari Tbk (AALI), and PT Astra International Tbk (ASII).

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