JCI Thursday Projected To Continue Its Strength, Towards Highest Record?

JAKARTA - The movement of the Composite Stock Price Index today, Thursday, November 11, is projected to continue strengthening after yesterday's closing higher by 13.22 points or 0.20 percent to the level of 6,683.14.

Analyst from PT Indosurya Bersinar Sekuritas, William Surya Wijaya, assesses the JCI movement pattern still shows limited strengthening with efforts to record an all-time high.

"However, the potential for short-term correction is still quite large," William said in his research.

According to him, this is accompanied by commodity prices that have the potential to be corrected so that it will also have an impact on issuers related to commodities and make the market move more consolidatively.

"JCI has the opportunity to move within a limited range," he said.

William estimates that JCI will move in the range of 6,504 - 6,696. According to him, some stocks that can be observed are PT Tower Bersama Infrastructure Tbk (TBIG), PT Bank Negara Indonesia Tbk (BBNI), PT Astra International Tbk (ASII), PT WIjaya Karya Tbk (WIKA), PT AKR Corporindo Tbk (AKRA), and PT Kalbe Farma Tbk (KLBF).