A32News - Technically, the Composite Stock Price Index (CSPI) is a positive move although a little bit stuck at the current level due to the approaching resistance level MA7 in 5240.
Reliance Securities analyst Lanjar Nafi see Stochastic indicators that confirm the 'golden cross in the oversold area supported the movement momentum reversal of RSI still provide a positive scent JCI today.
It is estimated index is still likely to try to strengthen the movement end of the week with a range of 5125-5240.
"Stocks that can be observed ASII them, BDMN, GJTL, INDF, KLBF, LPKR, LLPF, and MAIN," said Lanjar through a written statement on Friday (11/18/2016).
The majority of exchanges in Asia closed mixed as oil prices were back down by stockpiling oil in the US jumped twice contracted against expectations. Weakening oil prices that triggered the rise in demand for US dollars.
Emerging market currencies of commodity-producing depressed today led weakening of the Yuan to the lowest level since December 2008.
JCI was in motion tends to fluctuate weakening but is able to shut jumped significantly at the end of the trading session with a rise of 7.55 points by 0.15 per cent, at 5193.015 with relatively high trading volume.
The interest rate was maintained at the level of 4.75 percent this month despite growing loan growth slipped below expectations at the level of 6.4 percent from 6.8 percent the previous period.
"The strengthening of the US dollar yesterday again be the reason foreign investors net selling of Rp 144.88 billion, the mining sector index slipped back while the miscellaneous industries sector index led the gains," said Lanjar.
European bourses opened tend to be varied as investors again see commodity prices amid lack of economic sentiment.
European inflation data diekspektasikan unstable and unable to affect more the market optimism. Economic data later in the weekend including the production price index in Germany and the results of the ECB President's speech on inflation and balance of payments developments EU.
