JCI Fluctuations Continue, What Stocks Are Recommended Today?

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (IHSG) fell 0.30 percent or 20.57 points to 6,940.89 at the end of trading on the Indonesian Stock Exchange (BEI), Tuesday, October 3.

Phintraco Sekuritas in its research said that JCI fluctuations will continue today, Wednesday 4 October. JCI will move with a support range of 6,900 and resistance of 7,000.

"Sentiment for Wednesday's trading tends to be minimal amid the Chinese stock market holiday this week and the European stock market holiday on Tuesday," explained Phintraco Sekuritas research.

Thus, market attention will be focused on the US. Raphael Bostic, Head of the Atlanta Fed is scheduled to give a speech on Tuesday evening local time.

Still externally, market players also tend to anticipate the potential for expanding the list of export bans on US products to China in early October 2023.

The shares recommended by Phintraco for trading today include PT Barito Pacific Tbk (BRPT), PT Summarecon Agung Tbk (SMRA), PT Ace Hadware Indonesia Tbk (ACES), PT Bank Tabungan Negara Tbk (BBTN), PT Gudang Garan Tbk (GGRM ), PT HM Sampoerna Tbk (HMSP), and PT Prodia Widyahusada Tbk (PRDA).