JAKARTA - The movement of the Composite Stock Price Index (JCI) in today's trading, Thursday, November 18, is projected to strengthen after yesterday's increase of 24.59 points or 0.37 percent to 6,675.
Artha Sekuritas Indonesia analyst Dennies Christopher Jordan said the strengthening of the stock index was supported by the release of the issuer's performance.
"Investors will also pay close attention to the results of the 7-day repo rate decision by Bank Indonesia," said Dennies in his daily research.
According to him, JCI today will move within the support range of 6,639 and resistance at 6,697.
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Meanwhile, Director of Indosurya Bersinar Sekuritas William Surya Wijaya said the same thing. According to him, JCI will strengthen to a limited extent today.
"This is due to the predicted fixed interest rates, which will be a positive sentiment. But on the other hand, commodity prices which are predicted to correct will be a negative sentiment for the index," explained William.
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