JCI Is Expected To Continue Strengthening On Monday, These 3 Stocks Are Recommended By Artha Sekuritas

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to continue strengthening in today's trading Monday, March 14 after closing at 6,922.6 or down 0.02 percent last weekend.

Artha Sekuritas analyst Dennies Christopher Jordan said the JCI last Friday closed experiencing a correction in line with the weakening of global stock markets. The weakness was also overshadowed by expectations that inflation will be worse than expected and will encourage the Central Bank to be more aggressive in raising interest rates.

Dennis predicts the JCI will weaken in tomorrow's trading. Technically, the movement is still moving in a short-term consolidation trend with a limited range of strengthening.

"The movement will tend to weaken due to fears of inflation that is worse than expectations. Investors will still observe the worse impact of the war in Ukraine. At the beginning of the week there will be the minimal sentiment from economic data," said Dennies in his research.

Furthermore, Dennies estimates that the JCI will move at support levels of 6,830 and 6,876 and resistance at 6,945 and 6,968. The stocks that Dennies recommends for trading today are PT PP (Persero) Tbk (PTPP), PT Media Nusantara Citra Tbk (MNCN), and PT Ciputra Development Tbk (CTRA).