JCI Has Already Penetrated 6,600, Alert For Potential Weakness Today

JAKARTA - PT Indosurya Bersinar Sekuritas analyst, William Suryawijaya, reminded investors to be aware of the potential for a limited correction to the JCI rate today. Currently, he said, the JCI has a support-resistance range at the level of 6,482-6,694.

"The movement of the JCI towards the all-time high is a step towards achieving a spectacular new record in the midst of the ongoing economic slowdown. This is an achievement in itself for the Indonesian capital market," William said in his research.

However, said William, the risk of a short-term correction still needs to be watched out for, considering that capital inflows to the capital market have not seen a significant increase. Meanwhile, the September 2021 trade balance announcement is expected to be a positive sentiment for the JCI.

"The trade balance is expected to record good results, so this can be one of the factors supporting the growth of investor confidence in the Indonesian capital market," said William.

So, he continued, in today's trading, investors are advised to consider the accumulation of share purchases of PT Bank Central Asia Tbk (BBCA), PT Bank Negara Indonesia Tbk (BBNI), PT Indofood CBP Sukses Makmur Tbk (ICBP), PT Telkom Indonesia Tbk (TLKM). ), PT AKR Corporindo Tbk (AKRA), and PT Ciputra Development Tbk (CTRA).