Monday's JCI Is Predicted To Strengthen To A Limited Extent Amid Pressures
JAKARTA - The movement of the Composite Stock Price Index (IHSG) is predicted to continue to gain limited amid pressure from several stocks in trading today, Monday 13 February.
PT Yugen Bermbuh Sekuritas CEO William Surya explained that the JCI is currently still in a reasonable consolidation range amid pressure from several stocks that have experienced a drastic decline.
"However, opportunities can still be exploited to gain capital gains from stocks that have strong fundamentals and the JCI itself in the long term still shows considerable potential for increase," said William in his research.
William said the strengthening was due to economic conditions that were still quite stable, as can be seen from the published data. Some of Yugen Bermbuh Sekuritas' preferred stocks, namely PT Unilever Indonesia Tbk (UNVR), PT H.M. Sampoerna Tbk. (HMSP), PT Bank Central Asia Tbk (BBCA), PT Bank Rakyat Indonesia Tbk (BBRI), PT Telkom Indonesia Tbk (TLKM), and PT Pakuwon Jati Tbk (PWON).
Then PT Alam Sutra Realty Tbk (ASRI), PT Tower Bersama Infrastructure Tbk (TBIG), and PT Astra Internasional Tbk (ASII).
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Meanwhile, the Phintraco Sekuritas Analyst Team said the JCI would consolidate on Monday's trading in the range of 6,830-6,960. The consolidation area is still maintained in the range of 6,830-6,960 after returning above the MA20 6845 with a long lower shadow.
"The potential will still tend to be sideways around that level," explained research by Phintraco Sekuritas.