JCI Is Projected To Be Under Pressure At The Beginning Of The Week, What Are The Stock Options?

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) today, Monday, November 8, is predicted to be under pressure after closing down last weekend with a slight decline of 0.07 percent or 4.66 points to the level of 6,581.79.

PT Indosurya Bersinar Sekuritas analyst William Surya Wijaya said that the index movement earlier this week was still vulnerable to pressure compared to the opportunity for an increase tomorrow.

William assessed that the sentiment that could boost the JCI increase was minimal due to the economic slowdown. His party said that there had been no significant capital inflow into the Indonesian capital market, making the market move more consolidatively.

"JCI has the opportunity to weaken," he wrote in his daily research.

He explained, technically JCI will move in the range of 6,504 - 6,619. The stocks he recommends are PT Bank Central Asia Tbk (BBCA), PT HM Sampoerna Tbk (HMSP), PT Pakuwon Jaya Tbk (PWON), PT Tower Bersama Infrastructure Tbk (TBIG), PT XL Axiata Tbk (EXCL), and PT Kalbe Farma Tbk (KLBF).