Bisnis.com JAKARTA - Asjaya Indosurnya Securities estimated that the IDX Composite (IHSG) stock price index for medium-term trading is still in a strengthening trend.
William Surya Wijaya, Head of Research at Asjaya Indosurya Securities, expressed an optimistic conviction that the macroeconomic data to be released by Statistics Indonesia (BPS) after the Lebaran holiday will be positive.
“In the medium term, the IDX Composite Index is still on track for an uptrend,” stated William in his research. Investment conditions, he said, must be tailored to each investor’s timeframe.
The market is also awaiting further information in addition to what has been presented for this year's Lebaran holiday, as well as the release of economic data in early August.
Although economic conditions in the country are believed to still be stable, Williams stated that there is still a certain “current-account” wariness.
“Because it could be a pressure on the IDX Composite Index at some point in the future,” said William.
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