JCI On Thursday Is Projected To Continue Strengthening: Shares Of XL, Smartfren, And Mitratel Are Recommended

JAKARTA - The movement of the Composite Stock Price Index (JCI) is projected to strengthen in today's trading, Thursday, August 4, after closing up 0.84 percent yesterday to a level of 7,046.63.

MNC Sekuritas analyst Herditya Wicaksana said the JCI movement yesterday was influenced by the movement of Asian regional markets which also strengthened. Another sentiment came from the release of Indonesia's manufacturing purchasing managers' index (PMI), which was still expansive and grew at 51.3.

"Surely this will foster investor optimism about Indonesia's solid economic outlook going forward," Herditya said in his research.

He said that for today's trading, the JCI has the opportunity to continue its strengthening and test resistance at the level of 7,070 with a support level of 6,900.

"Investors can look at issuers in the telecommunications sector such as EXCL, FREN, and MTEL first," he explained.