JCI Is Projected To Move On Weekend In The Range Of 7,030-7,130, This Is The Stock Choice
JAKARTA - The Composite Stock Price Index (JCI) closed in the red zone, aka down 15.76 points or 0.22 percent to the level of 7,064.58 on Thursday, January 9, yesterday. So what about today's trading projection, Friday 10 January?
In Phintraco Sekuritas, in his research, assessed that the JCI sideways movement in the range of 7,030-7,130 on Thursday was relatively as expected. Along with this movement, Stochastic RSI continues its tendency to stay away from overbought areas.
"Thus, the JCI is expected to move again within the consolidation range of 7,030-7,130 on Friday 10 January," explained Phintraco Sekuritas.
Phintraco said the JCI was still overshadowed by the FOMC minutes validating the Fed's Head Jerome Powell's statement that the US central bank should not be in a hurry to cut the benchmark interest rate in 2025.
The reason is, in the minutes, the Fed also acknowledged concerns about the impact of President Donald Trump's policy on efforts to normalize inflation in the US.
However, this condition was balanced by the optimism of Indonesia's economic outlook in the first quarter of 2025 following a number of fiscal stimulus in early 2025.
Baca juga:
Seen, Indonesia's Consumer Confidence Index (IKK) rose to 127.7 in December 2024 from 125.9 in November 2024. This increase is quite interesting considering that in December 2024, market sentiment is still overshadowed by the planned increase in VAT to 12% starting January 1, 2025.
According to Phintraco Sekuritas, the stocks that can be considered this weekend are ACES, BBCA, BMRI, JSMR, INDF, and MTEL.