JAKARTA, iNews.id – Composite Stock Price Index (IHSG) has the opportunity to reach 7,800 at the start of next week, Monday (21/10). This is after Presidential inauguration and Indonesian Vice President Prabowo Subianto and Gibran Rakabuming Raka.

Technically, the JCI experienced a widening positive slope on the MACD indicator. Meanwhile, the Stochastic RSI indicator noted that the index was in the overbought area.

“So we estimate that the JCI has the potential to consolidate in the range of 7,700-7,800 on Monday (21/10),” wrote Phintraco Sekuritas research, Sunday (20/10).

Meanwhile, according to MNC Sekuritas research, the JCI has just broken through the 7,900 mark, following the purchase volume that was still forming in the remainder of last weekend.

“This means that the JCI continues its strengthening to test 7,810-7,910,” wrote MNC Sekuritas research.

Prabowo-Gibran was inaugurated as President and Vice President of the Republic of Indonesia for the period 2024 – 2029 at the Nusantara Building, Parliament Complex, Senayan, Jakarta, today, Sunday (20/10/2024).

A number of analysts hope that the Prabowo-Gibran cabinet government program can support a number of sectors, such as property, raw materials, energy and consumers.

WH Project founder William Hartanto previously said that a number of work programs being planned by the Prabowo-Gibran government had become the focus of investors, especially regarding the elimination of property taxes and the free lunch program.



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