Danareksa Recommends Buying ANTM, NCKL, AMRT Shares on Tuesday
Executive Summary
Key insights and market outlook
Danareksa recommends buying shares of ANTM, NCKL, and AMRT on Tuesday while suggesting to sell PJHB. This recommendation comes as the Composite Stock Price Index (IHSG) rose 0.42% to 8,645 on Monday, driven by foreign investor buying with a net foreign buy of Rp779 billion. The positive sentiment was supported by Indonesia's M2 Money Supply reaching its highest level in nearly three years.
Deep Dive Analysis
Danareksa's Stock Recommendations for Tuesday
Market Performance on Monday
The Composite Stock Price Index (IHSG) closed 0.42% higher at 8,645 on Monday's trading session. This increase was supported by significant buying activity from foreign investors, with a net foreign buy of Rp779 billion in the regular market. The positive market sentiment was largely driven by the release of Indonesia's M2 Money Supply data, which reached its highest level in nearly three years.
Danareksa's Stock Picks
Against this backdrop, Danareksa recommends investors to buy shares of ANTM, NCKL, and AMRT on Tuesday. Conversely, the firm suggests selling PJHB. These recommendations are based on the current market conditions and the analysis of the aforementioned stocks' potential performance.
Market Sentiment and Future Outlook
The overall market sentiment remains positive, bolstered by favorable economic indicators such as the M2 Money Supply growth. Investors are advised to keep a close watch on further market developments and adjust their strategies accordingly.
Source References
Story Info
Topics Covered
Key Events
Stock Recommendations Release
IHSG Increase
M2 Money Supply Growth