JCI On Tuesday Is Projected To Weaken Slightly, These Are Stock Recommendations From Analysts

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (IHSG) is estimated to be limited in today's trading, Tuesday, December 14 after yesterday closing up 9.94 points or 0.15 percent to 6.662.

Despite strengthening, foreign investors recorded a net sale or net sell of IDR 613 billion. They released a number of shares such as UNTR amounting to IDR 73.4 billion, TLKM IDR 65.3 billion, and SMGR IDR 59.1 billion.

CEO of Indosurya Bersinar Sekuritas William Surya Wijaya said the current movement pattern of the JCI is still strongly influenced by the slowing down of the economy which continues to cling to the real sector.

"The lack of sentiment and the absence of significant capital inflows into the capital market towards the end of 2021 also have an influence on the JCI movement pattern," William wrote in his research.

William said, JCI looks like it will not leave its consolidating range, so that the JCI has the potential to move within a fairly limited range tomorrow.

He expects the index to move in the range of 6.572 - 6.689. The stocks that can be observed in today's trading include PT HM Sampoerna Tbk (HMSP), PT Bank Rakyat Indonesia Tbk (BBRI), PT Pakuwon Jati Tbk (PWON), PT Semen Indonesia Tbk (SMGR), PT PP London Sumatra Indonesia Tbk (LSIP), PT Gudang Garam Tbk (GGRM), and PT Summarecon Agung Tbk (SMRA).