Market Review and Prediction

Indeks di bursa Wall Street pada akhir pekan lalu ditutup mix, dimana indeks Dow Jones dan S&P500 ditutup menguat, sedangkan Nasdaq Composite ditutup melemah tipis. Pasar masih dipengaruhi oleh ekspektasi bahwa The Fed akan menurunkan suku bunga pada tahun ini. Menyusul data nonfarm payrolls yang di bawah perkiraan, indeks keyakinan konsumen Michigan Sentimen bulan Mei turun pada level 67,4 dari 77,2, di bawah perkiraan yang berada pada level 76, serta merupakan level terendah dalam enam bulan terakhir. Data ekonomi yang melemah meningkatkan optimisme pasar bahwa The Fed dapat mulai menurunkan suku bunga tahun ini, setelah pada pertemuan The Fed sebelumnya Chairman The Fed menyatakan kemungkinan tidak akan menaikkan suku bunga lagi pada tahun ini. Namun optimisme pasar ini akan diuji pada data inflasi yang akan dirilis pada pekan ini.

Beberapa data ekonomi AS yang akan dirilis pada pekan ini adalah PPI, CPI, retail sales, housing starts dan building starts. Dari domestik, data ekonomi yang akan dirilis pada pekan ini diantaranya indeks keyakinan konsumen, penjualan eceran dan neraca perdagangan.

IHSG pada perdagangan Rabu 8 Mei 2024 ditutup melemah 0,49% pada level 7088. Saham sektor properti mengalami koreksi terbesar, sedangkan saham sektor energi menjadi satu-satunya sektor yang menguat. Investor asing mencatatkan net sell Rp1,100 triliun termasuk transaksi di pasar non regular. Pada perdagangan hari ini IHSG diperkirakan bergerak pada kisaran support 7050/7020 dan resistance 7120/7150. Stock pick: EXCL, PGAS, ADRO, TPIA, NCKL, MBMA, MDKA

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