KONTAN.CO.ID - JAKARTA. The IDX Composite Index (IHSG) closed up 0.28% or 20.53 points to level 7,247.93 until the end of trading on Monday (22/1). 

MNC Securities analyst Herditya Wicaksana predicts that the IHSG has the opportunity to strengthen in the short term in today's trading (23/1). This is influenced by the movement of world commodity prices and increasing investor expectations.

"We estimate that the movement of the IHSG is still influenced by the movement of world commodity prices and increasing investor expectations for an improving US economy and a decrease in The Fed's interest rate," Herditya told Kontan.co.id, Monday (22/1).

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Herditya predicts that the IHSG will move with support 7,152 and resistance 7,281 on Tuesday (22/1).

For stocks, he recommends a buy for PT BFI Finance Indonesia (BFIN) stocks with a target price of Rp 1,300-1,400 per share, buy PT Hartadinata Abadi (HRTA) stocks with a target price of Rp 420-Rp 450 per share, and buy for PT Cisarua Mountain Dairy Tbk (CMRY) stocks with a target price of Rp 4,300-Rp 4,400 per share.

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Meanwhile, Phillip Securities Indonesia analyst Joshua Marcius predicts that the IHSG will move bullish with support 7,150 resistance 7,350 for tomorrow (23/1). He sees the IHSG will be influenced by investor expectations regarding the decrease in interest rates and the results of the US Consumer Sentiment Index data.

"The sentiment that may affect the movement of the IHSG is investor expectations for a decrease in interest rates and the results of the US Consumer Sentiment Index data that far exceed market expectations," he revealed to Kontan.co.id, Monday (22/1).

Technically, he recommends a buy on several stocks. First, PT Matahari Department Store Tbk (LPPF) stocks with support Rp 2,020 and resistance Rp 2,180. Then PT Bank OCBC NISP Tbk (NISP) stocks with support 1,170 and resistance Rp 1,260. And, PT Telkom Indonesia Tbk (TLKM) stocks with support 3,880 and resistance Rp 4,060.

Editor: Hasbi Maulana