JCI Tuesday Projected To Strengthen, These Three Stocks Are Recommended

JAKARTA - The Composite Stock Price Index (JCI) is projected to move positively in today's trading, Tuesday, March 4, after yesterday's jump of 249.061 points or 3.97 percent to the level of 6,519,658.

The total volume of exchange transactions reached 21.14 billion shares with a transaction value of IDR 15.41 trillion. A total of 44 stocks rose prices, 162 decreased prices and 180 flats. Meanwhile, the flow of foreign funds was recorded as entering IDR 172.76 billion in the regular market in today's trading.

MNC Sekuritas in his research saw that the JCI movement was thought to be a technical rebound after two consecutive days of recording deep corrections. On the other hand, the strengthening of the JCI is in line with strengthening the rupiah exchange rate against the United States (US) dollar.

"This is also in line with strengthening the majority of the global and regional Asian exchanges, although Indonesia has again recorded deflation," explained MNC Sekuritas.

For this Tuesday, the JCI has the opportunity to strengthen with a limited tendency at support level of 6,368 and resistance at 6,585. Tomorrow's JCI movement is predicted to be again influenced by the rupiah exchange rate.

In addition, it is estimated that profit-taking will occur in the short term, given the strengthening of the JCI today.

Meanwhile, MNC Sekuritas recommends investors to pay close attention to GOTO, PANI, and RATU shares.