IHSG Dynamics & Sectoral Stock Prospects Await 2024 Election Results

The stock market sentiment is seen as waning as the 2024 General Election approaches.

Rizqi Rajendra & Hafiyyan

14 Feb 2024 - 18.12
A-
A+
IHSG Dynamics & Sectoral Stock Prospects Await 2024 Election Results

In line with the prospects for the IHSG, several analysts have recommended specific shares across various sectors that hold potential for profitability following the election and quick count results this week. Foto BID

Bisnis, JAKARTA— The stock market sentiment is seen as waning as the 2024 General Election approaches. However, the Jakarta Stock Exchange Composite (IHSG) is expected to have limited opportunities for strengthening in February 2024, influenced by election sentiment, currency fluctuations in the rupiah, and developments in Federal Reserve policy.

The decreasing optimism is evident in the CSA Index Report, with the index for February 2024 registering at 59.7, down from January 2024's index of 83.7. This decline suggests that market participants are less enthusiastic about trading in February.

"The election held this month and the weakening of the rupiah exchange rate are the reasons put forward by many market players," explained the CSA Team.

Despite the decrease, a reading above 50 indicates that more market participants anticipate a bullish trend for the IHSG in February. The consensus for the IHSG closing in February 2024 stands at 7,258, signaling a slight uptick from January 2024's closing of 7,207.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Fatkhul Maskur
Jelajahi peluang bisnis terpercaya dengan berlangganan
Temukan keleluasaan dan keuntungan maksimal dengan pilihan paket berlangganan eksklusif ini
BERLANGGANAN SEKARANG
Tidak Memerlukan Komitmen, Batalkan Kapan Saja
Penawaran terbatas. Ini adalah penawaran untuk Langganan Akses Digital Dasar. Metode pembayaran Anda secara otomatis akan ditagih di muka setiap empat minggu. Anda akan dikenai tarif penawaran perkenalan setiap empat minggu untuk periode perkenalan selama satu tahun, dan setelah itu akan dikenakan tarif standar setiap empat minggu hingga Anda membatalkan. Semua langganan diperpanjang secara otomatis. Anda bisa membatalkannya kapan saja. Pembatalan mulai berlaku pada awal siklus penagihan Anda berikutnya. Langganan Akses Digital Dasar tidak termasuk edisi. Pembatasan dan pajak lain mungkin berlaku. Penawaran dan harga dapat berubah tanpa pemberitahuan.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.