MARKET AND STOCK TRADING - JAKARTA. The campaign period for the 2019 presidential election begins. This political campaign season will more or less affect the stock market movement.
Binaartha Sekuritas analyst Muhammad Nafan Aji said the national development process could run smoothly if the government able to maintain domestic political and security stability.
"The national economy will also grow," Nafan told Kontan.co.id, Sunday (9/23). According to Nafan, the Jakarta Composite Index (JCI) could rise to the level of 6,117. After that, the target for the next JCI level is 6,330.
He explained investors could consider the consumer goods sector in the political year because the purchasing power of consumers will increase. Shares such as GGRM, ICBP, INDF are interesting to consider.
Meanwhile, market participants can also look at the construction sector shares such as WIKA, WSKT, WTON and WSBP because they see the government's promise of infrastructure development. The telecommunications sector such as TLKM will be attractive because the legislative and executive elections will encourage increased internet traffic. Social media will be used massively for political campaigns.
Nafan also said the sectors that are also interesting are the banking sector such as BBCA, BMRI, BBNI, BBRI, BBTN. The shares of the mining and agricultural sectors are also promising because of the sentiment of an upward trend in world commodity prices, such as oil, CPO and nickel prices. (Translator: Barratut Taqiyyah Rafie)
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