IHSG Prediction Today, Five Stocks Recommended by Analysts

JAKARTA - The Composite Stock Price Index (JCI) is expected to move in the range of 5,600-5,850 on today's trading, Wednesday, June 10, after yesterday closed up 7.57 percent to 5,746.6.

All sectors strengthened with the largest strengthening in the raw materials sector (9.97 percent). After experiencing massive selling pressure recently, the JCI rebounded.

Phintraco Sekuritas in its research said that positive sentiment, among others, comes from the news that the DPR encourages state-owned enterprises to buy back shares.

In addition, outside the RDG schedule, which should be carried out next week, BI raised the BI Rate by 25 bps to 5.5 percent on Tuesday. This was done as an effort to mitigate the weakening of the rupiah.

The market also responded positively, where the rupiah strengthened 0.65 percent at the level of Rp18,065 per US dollar on Tuesday yesterday.

Phintraco Sekuritas explained technically, after the previous day the JCI had closed below the MA200 monthly, the JCI turned stronger and closed above that level.

"On a daily chart, the JCI also closed above the MA5 level and closed the gap up that formed the day before. Stochasctic RSI formed a Golden Cross in the oversold area. The JCI is expected to move in the range of 5,600-5,850," wrote Phintraco Sekuritas.

Meanwhile, BRI Danareksa Sekuritas recommends five stocks for trading today, namely CUAN, MINA, INET, DSSA, and KUAS.