JCI Thursday Vulnerable To Correction, These Stocks Could Be An Option

JAKARTA - The Composite Stock Price Index (JCI) is projected to weaken back in today's trading, Thursday, March 6, after yesterday's high of 150.99 points or 2.37 percent to the level of 6,531.39.

MNC Sekuritas in his research said yesterday's strengthening of the JCI was in line with the strengthening of the Asian regional exchange which is also moving higher. On the other hand, strengthening the rupiah exchange rate also encourages the JCI movement.

For today, MNC Sekuritas estimates JCI is prone to correction or pullback, with support at 6,482 and resistance at 6,551.

"For sentiment, it can be observed for the release of Chinese PMI data and the movement of the rupiah exchange rate," explained MNC Sekuritas.

The stocks recommended by MNC Sekuritas for today, namely MDKA at the target price of IDR 1,600-IDR 1,715, PGAS with a target price of IDR 1,570-IDR 1,600, and BBTN at the target price of IDR 925-960.