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IHSG could exceed 7,300 amid the Fed’s ‘wait-and-see’ FOMC.

MONews
1 Min Read

JAKARTA – Head of research retail MNC Sekuritas Herditya Wicaksana alias Didit predicted technically as long as the Composite Stock Index (IHSG) remains above the 6,931 level. That support, Then IHSG still has a chance to strengthen towards the 7,227 to 7,305 levels.

However, if the JCI adjusts below the 6,931 level, the JCI is estimated to test levels between 6,742 and 6,835, he said.

“As long as JCI remains above the 6,931 level. That support, JCI still has the opportunity to strengthen to the 7,227 to 7,305 level,” Didit said when contacted by Antara in Jakarta on Friday.

Based on IHSG performance forecasts, Didit recommends investors collect the following stocks: Basic materials sector.

“As issuers, we can observe MDKA (1,745-1,895 per share), INKP (6,825-7,000 per share), and TINS ​​(1,130-1,170 per share),” Didit said.

Currently, market participants globally are awaiting the policy of the Federal Reserve System (Fed), the US central bank, at the Federal Open Market Committee (FOMC) meeting to be held on January 28-29, 2025.

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