The JCI Will Continue To Strengthen Today, What Are The Stock Options?

JAKARTA - The movement of the Composite Stock Price Index (IHSG) is predicted to continue strengthening in today's trading Wednesday, April 6 after closing yesterday at 7.131.96 or up 0.22 percent to reach an all-time high.

Artha Sekuritas analyst Dennies Christopher Jordan in his report explained that the JCI closed higher yesterday since the beginning of the session along with the strengthening of all stock markets globally, although there are still concerns from the Ukraine and Russia crises.

"The movement is driven by the release of the issuer's performance and dividend distribution," said Dennies in his research.

Dennis predicts the JCI will strengthen in today's trading. JCI Technically, the candlestick formed a higher high and a higher low indicating the strengthening trend will continue. Economic data will be driven by the release of PMI data and oil reserves.

"Global investors will pay close attention to the development of the Russia-Ukraine peace agreement," he said.

Furthermore, Dennies estimates that the JCI will move at support levels of 7.097 and 7.122 as well as resistance at 7.160 and 7.173. Meanwhile, some stock recommendations for next week are PT Indika Energy Tbk (INDY), PT Erajaya Swasembada Tbk (ERAA), and PT Media Nusantara Citra Tbk (MNCN).