After The Long Holiday, JCI Thursday Is Projected To Be Corrected
JAKARTA - The Composite Stock Price Index (JCI) is projected to be corrected in today's trading, Thursday, January 29.
For information, stock trading on the Indonesia Stock Exchange (IDX) has reopened today, after a long holiday since the close of Friday last week, where the JCI weakened 0.92 percent to the level of 7,166.06.
MNC Sekuritas in its research estimates that the JCI movement is still prone to correction with support at 7,079 and resistance at 7,237. JCI movement will be influenced by a number of sentiments.
First, related to the release of Chinese manufacturing data. Second, the Federal Open Market Committee (FOMC) meeting. Third, the Chinese New Year long holiday.
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The stocks recommended by MNC Sekuritas are PT Bank Rakyat Indonesia Tbk (BBRI), PT Indofood CBP Sukses Makmur Tbk (ICBP), and PT Medco Energi Internasional Tbk (MEDC).