Thursday's JCI Has The Potential To Weaken Again, Here Are Some Recommended Stocks

JAKARTA - The movement of the Composite Stock Price Index (IHSG) has the potential to turn lower in today's trading, Thursday, February 9, after yesterday closing up 0.07 percent to 6,940.12.

Today's JCI movement will be influenced by the release of retail sales data for the December 2022 period. This is because domestic retail sales data has shown a weakening trend since August 2022.

Phintraco Sekuritas in his research said that the realization of this data was better than November 2022 at 1.3 percent on an annual basis, so consumer stocks have the potential to strengthen.

"In addition, the movement of the JCI will also be influenced by the release of financial performance for the 2022 financial year from issuers. A number of LQ45 constituents are expected to release financial reports this week," wrote research by Phintraco Sekuritas.

Meanwhile, technically, the JCI is prone to potential profit-taking, especially if the composite index is stuck below the 6,950-6,970 level.

From Phintraco Securities, investors can look at consumer stocks such as INDF, MYOR, AALI, GGRM, DSNG, and LSIP.