Friday, 17 Augst 2018 | 02:57 WIB

JCI Predicted to Weaken Further This Weekend

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JAKARTA, NNC - The Indonesia Composite Index (JCI) on this weekend’s trading is expected to continue weakening. The JCI fell 0.49 percent to 6,065.26 at yesterday’s closing bell.

In yesterday's trade, Asian markets closed mixed following the negative sentiment of new tariffs imposed by the Chinese government on imports from the US.

Danareksa Research Institute in its daily stock research report, Friday (8/10/2018) said, today the JCI will move in the range of support at the 6024.8 level and resistance at the 6.126.1 level.

Meanwhile, stocks that deserve close attention include IDX:ASII, IDX:KDSI, IDX:KAEF, IDX:TKIM, IDX:BBCA, IDX:BDMN, IDX:AGRO, IDX:BVIC, IDX:PGAS, IDX:EXCL, IDX:INCO, IDX:ASGR, IDX:MAPI, IDX:RALS, and IDX:DILD.

Market participants are also advised to observe the latest developments, such as the latest economic publications from Japan. The company's capital expenditure indicators, Japan core machinery orders fell 8.8 percent mom in June 2018, larger than the previous month's decline, -3.7 percent mom.

Annually, the increase in this indicator slowed from 16.5 percent yoy to 0.3 percent yoy, which indicates a slowdown in Japanese companies capital expenditure in the next 6-9 months.