JCI Is Still Hard To Strengthen, See Stock Recommendations From Analysts

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to tend to move within a limited range today, Tuesday 30 November after yesterday strengthening 46 points to a level of 6,608.

Whereas previously, the composite index had fallen to its lowest level of 6,487 due to the panic of the Omicron variant of the coronavirus.

CEO of PT Indosurya Bersinar Sekuritas, William Surya Wijaya, said the JCI movement still has a tendency to be within the range of reasonable consolidation, while the potential for pressure is still greater than the expected increase.

"The lack of sentiment that can boost the JCI increase caused by the economic slowdown is also one of the factors that influence the JCI movement pattern," William said in his daily research.

William said, JCI has the potential to move in the range of 6,521-6,696. The stocks that are recommended include PT Bank Central Asia Tbk (BBCA), PT Indofood Sukses Makmur Tbk (INDF).

Then, PT Astra International Tbk (ASII), PT Telkom Indonesia Tbk (TLKM), PT Bank Negara Indonesia Tbk (BBNI), PT Tower Bersama Infrastructure Tbk (TBIG), and PT Summarecon Agung Tbk (SMRA).