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179 Shares Gain, JCI Opens Green to 6,954 Levels

Jakarta – At the opening of trading this morning at 9:00 am (2/10) the composite stock price index (JCI) opened in the green zone to 6,954 or strengthened 0.21 percent.

Based on RTI Business statistics on today’s trading, as many as 377 million shares were recorded, with a frequency of changing hands 31 thousand times, and the total transaction value was recorded at Rp241 billion.
Then, there were 90 stocks corrected, 179 stocks strengthened and 290 stocks remained unchanged.

Previously, Head of Retail Research Analyst BNI Sekuritas, Fanny Suherman, saw that the JCI technically today would have the potential to strengthen with a target of 6,970 to 7,000.

“After the US Core PCE Price Index mom data declined and there was also no Government Shutdown in the US, with support levels at 6,900-6,920 and resistance at 6,970-7,000,” said Fanny in her research in Jakarta, October 2, 2023.

For your information, last Friday (29/9) the Dow Jones Industrial Average index closed down by 0.47 percent, as well as the S&P 500 which fell by 0.27 percent, but on the other hand the Nasdaq index strengthened by 0.14 percent, this was because investors were following the latest news about a potential government shutdown.

Then, the Core PCI price index which is the inflation metric favored by the Federal Reserve, in August 2023 was recorded at 3.9 percent yoy which was in line with expectations, and European exchanges closed higher such as the CAC 40 and DAX Performance Index which rose 0.26 percent and 0.41 percent respectively.
Thus, almost all bourses in the Asia Pacific region recorded gains, following the strengthening of the US bourse the previous night, where some that experienced a significant increase were Hang Seng 2.51 percent, while on the other hand Nikkei slightly corrected 0.05 percent.

Meanwhile, Japan reported Tokyo inflation at 2.8 percent yoy in September 2023 which was down from the previous month with Japan’s August 2023 retail sales at 7 percent yoy, above estimates. (*)

Risca Vilana

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