JCI Down 4.02pts to 4,343.26, Shadowed by The Fed

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  • TEMPO.CO, Jakarta - Stock price index (JCI) at the close of trading on Thursday, September 10, fell 4.02 points or 0.09% to 4,343.26.

    Sucorinvest predicts the stock price index (JCI) in trading Friday, September 11, to move in the range between 4,308 and 4,379.

    Equity Analyst Sucorinvest Achmad Yaki Yamani said “Friday, technically, we expect the stock index to fluctuate, strengthening, although overshadowed by profit-taking," said Yaki in his research.

    Sentiments that affect the motion of the index is investors’ concern over the rise in US interest rates following improving employment data, and China's economic slowdown will spread to other countries.

    In addition, the Brazilian debt downgrade also be another negative catalyst. From within the country, the policy program package "September I" is also not able to push investor optimism.

    "Stocks that could be considered for trading [Friday] are BDMN, INTP, LPPF, PGAS, SMGR and SRIL," said Yaki.