JAKARTA - The Composite Stock Price Index (JCI) is haunted by external sentiment in today's trading, Monday, April 21. Phintraco Sekuritas in its research estimates that the JCI will move in the range of resistance at 6,550, pivot 6,400, and support at 6,300 today.
Phintraco Sekuritas explained that the external sentiment that haunts the JCI today began with US President Donald Trump again emphasizing the importance of cutting the benchmark interest rate to Fed Chair Jerome Powell.
Still from the US, Phintraco Sekuritas said, the CNBC poll showed the lowest economic approval rate during the Trump leadership period of 43 percent on April 13.
"Still on global issues, the US plans to withdraw from Russia-Ukraine peace efforts if there are no concrete developments in the next few days," wrote Phintraco Sekuritas.
Phintraco Sekuritas predicts that the above is expected to push the rebound in natural gas prices, which fell to around 3.2 percent last week. Meanwhile, oil prices continued to rebound after the new sanctions by the US against Iran.
The US is reportedly planning to suppress Iran's oil exports by up to 0, along with the negotiation process regarding the iran nuclear facility.
Meanwhile, in domestic sentiment, Phintraco Sekuritas said, the temporary development of Indonesia's negotiation process with the US received several important points. Some of them include plans to increase imports of a number of commodities from the US, such as energy and agriculture, downstream collaboration, TKDN relaxation, to deregulation packages.
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"These things will be discussed for the next 60 days, before the postponement period of the reciprocal tariff ends," explained Phintraco Sekuritas.
With the various sentiments above, Phintraco Sekuritas predicts the JCI will continue the consolidation phase in the range of 6,300-6,550 this week.
The stocks recommended by Phintraco Sekuritas today are BUKA, EMTK, CTRA, SRTG and BRPT.
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