Lack Of Sentiment, The JCI Is Predicted To Weaken Slightly On Thursday

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) today, Thursday, December 23, is predicted to weaken slightly after yesterday's correction of 24.72 points or 0.38 percent to 6.529.59.

Artha Sekuritas Indonesia analyst, Dennies Christopher Jordan, said the JCI weakened yesterday after correcting at the end of the second session. In his view, domestic sentiment is still minimal.

Meanwhile, globally, market players are still worried about the new variant of Omicron in the US and Europe. For today's trading, Dennies projects that the JCI will continue to weaken with support levels from 6.508 to 6.487. Meanwhile, the resistance is at 6.571 to 6613.

"Technically the candlestick forms a long black body indicating a weakening trend will occur again," said Dennies in his research.

The JCI movement is expected to remain limited due to the lack of domestic sentiment and concerns about the Omicron COVID-19 in the US and Europe.

In the midst of the sluggish JCI movement, Dennies recommended the shares of PT Multipolar Tbk (MLPL), PT Summarecon Agung Tbk (SMRA), and PT Sarana Menara Nusantara Tbk (TOWR).