JAKARTA – Last Wednesday (15/1), Bank Indonesia (BI) reduced its benchmark interest rate by 25 bps to 5.75%. What is the impact on the movement of BFIN shares?

A technical analysis by PT Ina Sekuritas Indonesia provides an outlook on the stock movement of PT BFI Finance Indonesia Tbk (BFIN). Based on stochastic indicators, the chart shows the potential for the stock price to move toward resistance in the 900-950 range.

BFIN is a company engaged in leasing and consumer financing activities, including finance leasing, consumer financing, and credit cards. The technical analysis of BFIN shares can be viewed in this video. (DK/ZH)

Chart: Bloomberg