JCI Tuesday Tests Level 6.000, These Five Stocks Can be an Option

JAKARTA - The Composite Stock Price Index (IHSG) is predicted to test the 6,000 level in today's trading, Tuesday, July 7, after yesterday closed up 0.69 percent to 5,916.

However, the volume and value of trading transactions were relatively quiet, with a total volume of more than 19.6 billion shares and a transaction value of more than Rp9.4 trillion, far below the daily average of trading, which was around more than 41 billion shares and around Rp24 trillion.

Shares of the non-primary consumer goods sector posted the largest gain (1.26 percent), while the infrastructure sector recorded the largest correction (0.05 percent).

WTI oil prices were below the $69 per barrel level on Monday, which was the lowest level since February, due to concerns about potential oversupply due to the recovery of oil shipments through the Strait of Hormuz and the OPEC+ agreement to increase production by 188 thousand barrels per day for next month.

Meanwhile, gold prices experienced a correction due to the strengthening of the US dollar on Monday. The rupiah weakened again by 0.23 percent to close at Rp17,995 per US dollar on Monday.

Meanwhile, the JCI closed above the MA5 and MA10 levels, but below the MA20 level. The positive histogram of the MACD widened and the Stochastic RSI strengthened at the pivot area.

"So technically, the JCI is expected to have the potential to continue to rise and test the 6,000 level," wrote Phintraco Sekuritas in its research.

Meanwhile, MNC Sekuritas estimates that the JCI will still be vulnerable to correction by testing the level of 5,472-5,540.

MNC Securities recommends buying BBRI, MDKA, TINS, and XCEG shares for today's trading. Then, sell for EMAS shares.