JCI At The Beginning Of The Week Still Haunted By Pressure, Check Out Stock Recommendations

JAKARTA - The Composite Stock Price Index (JCI) is projected to move mixed in today's trading, Monday, June 30.

JCI managed to park in the green zone on Thursday, June 26, last year. At the close of trading on the Indonesia Stock Exchange (IDX) last Thursday, the JCI strengthened by 0.96 percent to the level of 6,897.40.

However, in the past week, the index still recorded a decline of 1.02 percent. WH-Project Capital & Founder Market Practitioner William Hartanto saw that the decline in the JCI last week had a varied factor, such as buying and selling investors and the pressure of global geopolitical conflicts.

"However, the buying saturation factor has a stronger impact, because it is clear that the weakening of the JCI began yesterday after failing to penetrate 7,200," William said in the research.

In today's trading, William saw that the JCI would move mixed in the range of 6,827 - 6,913. According to him, there is no new sentiment that can support the JCI movement.

"But, in July there is a possibility of window dressing and it can make the JCI strengthen back to the level of 7,000," he said.

William recommended buying for ISSP, AMMN, PGAS, and BRIS with a target price of IDR 342 - IDR 350 per share, IDR 8,700 - IDR 8,800 per share, IDR 1,620 - IDR 1,660 per share, and IDR 2,640 - IDR 2,700 per share.