JCI Thursday Potentially Falls To 7,200, Check Out Stock Recommendations

JAKARTA - The Composite Stock Price Index (JCI) has the potential to fall to around 7,200 in today's trading, Thursday, November 28. Phintraco Sekuritas in its research estimates the JCI will move in the resistance range of 7,280, pivot 7,250, and support 7,200.

Phintraco Sekuritas explained that the JCI is still prone to continuing pullback today. In fact, the JCI is prone to returning to consolidation areas in the range of 7,200.

"The weakening of the majority of global indexes is expected to put pressure on the JCI today after the holiday related to the 2024 simultaneous regional elections," wrote Phintraco Sekuritas.

Regarding the Pilkada, Phintraco Sekuritas said, the relative implementation took place conducively throughout Indonesia. The latest quick count results, especially in the provinces with large voters, have not shown surprising results compared to a number of previous polls.

"The election of the Governors of DKI Jakarta is estimated to enter the second round," explained Phintraco Sekuritas.

Returning from external, Phintraco Sekuritas said, capital outflows are likely to subside, as the United States (US) bond yields continue to decline despite being overshadowed by a number of issues related to inflation.

Phintraco Sekuritas recommends five shares for today, namely BBYB, LSIP, ESSA, JSMR and MAPI.