The JCI Is Predicted To Strengthen Limited Today, This Is Stock Recommendation

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to experience limited gains today, Monday, May 30, driven by the sentiment of dividend distribution by issuers and stable interest rates.

JCI was recorded to have closed up 2.07 percent and parked at 7.026.25 on Friday last week. JCI again penetrated the psychological level of 7.000 with 359 stocks parked in the green zone, 179 stocks weakened, and 158 stocks closed stagnant.

JCI has risen 1.56 percent from the position of 6.918,144 in the previous week. PT Yugen Bertumbuh Sekuritas CEO William Surya Wijaya in his report stated that the JCI will return through a short week.

He said the JCI still has the potential to stay within a reasonable consolidation range with limited upside opportunities in Monday's trading.

"Currently, the JCI is still supported by several factors, including the dividend distribution season by issuers and stable domestic interest rates, which are indicators that economic conditions are still quite stable," he said in the research.

Some stocks that are recommended for trading tomorrow include BBCA, UNVR, HMSP, ICBP, ITMG, BBRI, ASII, EXCL, and INDF.