The JCI Is Projected To Continue Strengthening Today, Dividend Distribution From Issuers Becomes Positive Sentiment

JAKARTA - The movement of the Composite Stock Price Index (IHSG) is predicted to continue its strengthening trend in today's trading, Thursday, June 9, after parking at 7.193.31 or up 0.73 percent yesterday.

Artha Sekuritas analyst Dennies Christopher said the JCI closed higher yesterday, still driven by sentiment from issuers' performance in the first quarter of 2022, which on average recorded good growth and dividend distribution season.

"Meanwhile, global sentiment related to inflation has been neglected a little," he explained in his research.

Dennies predicts that the JCI will strengthen in today's trading, where technically, the candlestick formed a higher high and a higher low after rebounding around the support area, accompanied by the MACD indicator in the accumulation area indicating a strengthening trend.

The JCI today will still be supported by the release season for the first quarter of 2022 as well as the distribution of dividends from issuers. Dennies estimates that the JCI will move at support levels of 7.036 and 7.088 and resistance at 7.206 and 7.272.

The stocks that are recommended by Artha Sekuritas for trading today are PT HM Sampoerna Tbk (HMSP), PT PP Tbk (PTPP), and PT Bank Mandiri Tbk (BMRI).