JCI Is Projected To Weaken Slightly On Thursday, These 3 Stocks Are Recommended By Artha Sekuritas

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is projected to weaken in today's trading, Thursday, January 27, after yesterday closing trading in positive territory by rising 0.49 percent or 32.6 points, so that it parked at the level of 6,600.81.

Artha Sekuritas analyst Dennies Christopher Jordan said the JCI closed higher yesterday driven by bargain power by investors after the stock market weakened for two consecutive days.

"The strengthening is supported by the increase in commodity prices," said Dennies in his research, quoted on Thursday, January 27.

In addition, according to him, the JCI fluctuations throughout the day were caused by investors who had to wait and see waiting for the results of the Fed's meeting. As for tomorrow's trading, Dennis predicts the JCI will move lower.

He explained, technically the movement is still in a medium-term weakening trend.

"Investors will pay close attention to some economic data, especially from the United States, as well as the results of the Fed's meeting and future policies that cause uncertainty," he said.

In addition, he also estimates that the JCI movement will also be supported by the strengthening of commodity prices. For today's trading, Artha Sekuritas estimates JCI will move with support at 6,531 and 6,565, and resistance at 6,617 and 6,635.

According to Dennies, a number of stocks that can be observed include PT PP Tbk PTPP (PTPP), PT Media Nusantara Citra Tbk (MNCN), and PT Dharma Satya Nusantara Tbk (DSNG).