The JCI On Monday Has A Chance To Strengthen, Here Are The Recommended Stocks

JAKARTA - The movement of the Composite Stock Price Index (JCI) is still likely to strengthen in trading Monday, April 11 after last weekend reached its highest level, aka the all-time high (ATH).

CEO of Indosurya Bersinar Sekuritas, William Surya Wijaya, said that the strengthening of the JCI last Friday was triggered by a faster economic recovery and foreign investors who saw Indonesia as benefiting from the Ukraine-Russia geopolitics.

For your information, the JCI closed last weekend's trading at 7.210.83, up 1.17 percent or 83.46 points. The JCI had touched the highest level of 7,216.49 and the lowest level of 7.151.25.

William explained that the JCI movement, which returned to scoring an all-time high of all time, was a new record in the midst of the ongoing economic slowdown. According to him, this is an achievement in itself for the Indonesian capital market.

He warned that the risk of a potential short-term correction still needs to be watched out for. This is because the increase in the JCI so far has been quite limited.

However, according to him, the recorded massive capital inflow can be one of the supporting factors for the growth in the level of investor confidence in the Indonesian capital market.

"The JCI has the potential to strengthen, limited to tomorrow's trade in the range of 7.038 - 7.227," William explained in his research.

Meanwhile, some stocks that investors can watch for in tomorrow's trading are PT Bank Central Asia Tbk (BBCA), PT Astra Agro Lestari Tbk (AALI), PT Semen Indonesia Tbk (SMGR), PT Astra International Tbk (ASII), PT Indofood Sukses Makmur. Tbk (INDF), PT Bank Negara Indonesia (BBNI), and PT Telkom Indonesia Tbk (TLKM).