The IHSG is expected to test the 6,000 level in trading on Tuesday, 7 July, after closing at 5,916 the previous day. Trading volume exceeded 19.6 billion shares and trading value exceeded IDR 9.4 trillion, indicating relatively subdued market conditions.
The IHSG, which rose 0.69% yesterday to close at 5,916, is technically considered likely to test the 6,000 level. Trading volume exceeded 19.6 billion shares and trading value exceeded IDR 9.4 trillion, with intraday trading calmer than the previous day. The non-primary consumer goods sector posted the largest gain, while the infrastructure sector edged lower.
Crude oil remained below $69 per barrel, reaching its lowest level since February amid concerns about a production increase agreed by OPEC+ for next month and the recovery of supply through the Strait of Hormuz. Meanwhile, gold prices corrected in response to movements in the dollar, while the rupiah weakened 0.23%.
Technically, the JCI remained above the MA5 and MA10 but below the MA20. The positive MACD histogram expanded, while the Stochastic RSI was said to indicate bullish momentum in the pivot area.
As investment information, MNC Sekuritas recommended buying BBRI, MDKA, TINS and XCEG in today's trading and indicated a policy of selling EMAS.
The source is VOI.ID, which provides timely information based on local reporting.