JCI Is Predicted To Be Under Pressure On Weekend, This Row Of Shares Can Be Played

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to be depressed in weekend trading, Friday, September 8, amid the weakening of the rupiah and economic data.

The CEO of Yugen Bertumbuh Sekuritas William Surya Wijaya said that at the weekend the JCI movement pattern after the release of data on foreign exchange reserves seemed to still move within a reasonable consolidation range. The risk of pressure seems to be getting bigger amidst the lack of sentiment.

"JCI is also influenced by the movement of the rupiah exchange rate which is still quite volatile with the tendency to weaken," he said in research.

Today, William predicts JCI tends to weaken limitedly in the range of 6,888-7,082. The recommendations for the choice of shares are INDF, BBCA, JSMR, BBNI, AKRA, SMGR, ASRI, TBIG.

For information, the JCI closed down 0.59 percent to the level of 6,954.80 on Thursday 7 September trading. Large market capitalization stocks such as BBRI, BMRI, and ASII closed down, while GOTO to AMMN shares actually shot up at the end of trading.

The JCI market capitalization rose to IDR 10,302 trillion, from the previous IDR 10,349 trillion. There are 210 stocks rose, 322 stocks ended in the red zone, and 220 stocks were stagnant.