JCI Expected to Experience an Uptrend on Friday

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  • Ilustrasi Indeks Harga Saham Gabungan (IHSG). ANTARA/Puspa Perwitasari

    Ilustrasi Indeks Harga Saham Gabungan (IHSG). ANTARA/Puspa Perwitasari

    TEMPO.CO, Jakarta - Analysts are predicting that the Jakarta Composite Index would experience an uptrend on Friday, July 24, 2015 - hovering between 4,880-4,925 points. An analyst for Sucorinvest, Achmad Yaki Yamani, that the JCI will fluctuate with an open chance for an uptrend.

    Positive sentiments which are expected to boost the JCI includes the Greek Parliament's decision to pass an economic reform proposal, which is expected to increase Greece's chances to obtain further bailouts. This is happens concurrently with the decreasing prices of several commodities, and the appreciation of the US Dollar against several major global currencies.

    Investors, continued Yamani, are reorienting their focus on the US monetary policies - especially after the US housing figures turned out better than previously expected. This may cause some fluctuation throughout Friday's trading session as it may mean that the Federal Reserve Bank of America (The Fed) may increase its' fund rate sooner than the market had expected.

    "Investors may want to watch out for some shares, which include AKRA, INTP, KLBF, MPPA, PTPP, SILO, and SSMS," said Yamani.