Illustration of stock transactions (ANTARA FOTO / Puspa Perwitasari)

Beneficial Transactions, Joint Composite Index Stock Price Moves Positively Thanks to Consumer Trust Index

Jakarta, Indonesia - According to Indosurya Shining Securities analyst, William Surya Wijaya, the survey results from Bank of Indonesia (BI) related to consumer confidence in the June 2019 period will be more positive than the previous month and the market does not hesitate to make a purchase transaction as it will be beneficial to the investors. According to him, Joint Composite Index Stock Price (JCI) is likely to strengthen and move in the range of 6,302-6,488.

It is reported that on Monday (8/7), JCI is expected to move in positive territory as the survey data released on the Consumer Confidence Index (CCI) is said to support stock market movements earlier this week, making a positive outcome.
William said in his research that, the consumer confidence index is alleged to be in a stable condition with an increase so that it can provide a positive sentiment towards the JCI movement.

According to data from BI, the May 2019 period rose from 182.1 to 182.2 as the central bank claimed that the consumer survey for the month was fairly good because of increased confidence and much interest from the consumers.

PT Bank Negara Indonesia (Persero) Tbk (BBNI), PT Bank Central Asia Tbk (BBCA), PT Jasa Marga (Persero) Tbk (JSMR), and PT Unilever Indonesia Tbk (UNVR) are recommended by William as several shares that can be considered to invest.

However, Director of Research and Investment Pilarmas Investindo Securities, Maximilianus Nico Demus recommended shares in the financial and property sectors. This is because the Financial Sector is in a strong position so it is worth to invest on and also real estate and construction in property as the Fed cuts its benchmark interest rate.

Source: https://www.cnnindonesia.com/ekonomi/20190708074018-92-410003/indeks-keyakinan-konsumen-jadi-penggerak-ihsg-awal-pekan