JCI Potentially Weakens, Analysts Recommend Shares Of Indofood Owned By Conglomerate Anthony Salim And Property Developer Ciputra

JAKARTA - The Jakarta Composite Index (JCI) is expected to return to a depressed state, after yesterday ending in the red zone with a 0.97 percent decline to a level of 6,090.

PT Indosurya Bersinar Sekuritas analyst William Suryawijaya said the JCI movement in today's trading will continue the weakening trend. The support-resistance range of the JCI is at the level of 5,969-6,202.

"The JCI movement seems to be entering a reasonable consolidation phase, after experiencing an increase in trading some time before. As long as the JCI cannot be maintained above the resistance level, the opportunity for a reasonable correction is still wide open," William said in his research, quoted on Thursday, September 2.

However, he said, so far foreign investors have recorded net buying.

"The fluctuation of the rupiah exchange rate still gives sentiment to the JCI movement. Today the JCI has the potential to move lower," said William.

So, according to him, the movement of the JCI which will continue its downward trend today can be responded to by investors by collecting shares of PT Bank Central Asia Tbk (BBCA), PT Unilever Indonesia Tbk (UNVR), PT Astra Agro Lestari Tbk (AALI), PT Indofood Sukses Makmur. Tbk (INDF), and PT Ciputra Development Tbk (CTRA),