The JCI On Monday Is Predicted To Strengthen With Limit

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is expected to move within a limited range in today's trading, Monday, February 14. CEO of PT Indosurya Bersinar Sekuritas William Surya Wijaya said the JCI movement seemed to be moving in a fairly limited range after the achievement of the all time high (ATH) record some time ago.

As for trading on Friday last week, the JCI was closed in the red zone with a decline of 8.03 points, or 0.12 percent, to the level of 6.815. Meanwhile, the market capitalization of the JCI currently reaches IDR 8.618.86 trillion.

"The potential for a short-term increase is quite limited, although the capital inflow recorded year to date (ytd) has re-entered the Indonesian capital market significantly," he explained in the research.

In addition, sentiment from global and regional market movements still has an impact on the JCI movement to date.

William estimates that JCI will move in the range of 6698 - 6876 in today's trading. Meanwhile, the stocks chosen by the analysts are PT Bank Central Asia Tbk (BBCA), PT Semen Indonesia Tbk (SMGR), PT Bank Negara Indonesia Tbk (BBNI), PT Jasa Marga Tbk (JSMR), and PT Indofood Sukses Makmur Tbk (INDF).