The JCI Is Predicted Prone To Correct Today

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to be prone to corrections in today's trading, Thursday, April 14 after yesterday rising 0.67 percent or 47.996 points to 7.262.78.

The JCI yesterday moved in the range of 7.212.64 - 7.266.40. By the end of trading, 282 stocks closed higher, while 260 stocks closed lower, 238 other stocks were in the same position and the total trading value was Rp. 17.06 trillion.

PT Indosurya Bersinar Sekuritas William Surya Wijaya said the JCI movement today is still in the positive zone with efforts to record an all-time high (ATH) again. However, as long as the JCI has not been able to close above the ATH level in a row, investors must be aware of the risk of a possible normal correction.

"So that the momentum of a reasonable correction can still be used to carry out accumulated purchases with a short-term investment target given that Indonesia's economic condition is still stable," he explained in the research.

William predicts the JCI will move in the range of 7.165 - 7.357 for today's trading. The stocks he recommends include PT Telkom Indonesia Tbk (TLKM), PT Gudang Garam Tbk (GGRM), PT Bank Negara Indonesia Tbk (BBNI), and PT Alam Sutera Realty Tbk (ASRI).