JCI Wednesday Covered With Global Sentiment, This Is Wednesday's Stock Choice Menu
JAKARTA - The Composite Stock Price Index (JCI) closed up 59.01 points or 0.81 percent to the level of 7,356.63 at the close of trading yesterday, Tuesday, August 13. So what is today's trading projection, Wednesday, August 14?
Phintraco Sekuritas, in his research projected that the JCI has the opportunity to continue strengthening to test 7,375 on Wednesday. Technically, a rising window was formed along with a positive scale widening in MACD.
"However, the potential for rally is likely to start to be limited considering Stochastic RSI has entered the overbought area," explained Phintraco Sekuritas.
From external, the market responded positively to a 20-Bases-point UK unemployment rate (bps) decline on a monthly basis to 4.2 percent in July 2024.
However, the market is still anticipating inflationary data in the US and UK on Wednesday. persistent inflation in these two countries could change the market's view of the opportunity to cut the benchmark interest rate going forward.
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From within the country, the market hopes that Indonesia's Trade Balance surplus, which is supported by continued improvements in export performance in July 2024. This condition will play a positive role in domestic financial stability, one of which is through further strengthening of the Rupiah.
The stocks recommended for today include PT Aspirasi Hidup Indonesia Tbk (ACES), PT Mitra Adiperkasa Tbk (MAPI), PT Erajaya Swasembada (ERAA), PT BFI Finance Indonesia Tbk (BFIN), PT Indocement Tunggal Prakarsa Tbk (INTP), and PT Semen Indonesia Tbk (SMGR).