Last Day Of March 2022, The JCI Is Expected To Continue Strengthening

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) today, Thursday, March 31, is expected to continue strengthening after yesterday's rise of 41.501 points or 0.59 percent to the level of 7.053.190.

Artha Sekuritas Indonesia analyst Dennies Christopher Jordan said the JCI closed higher yesterday as global stock markets are more optimistic about the development of a peace plan between Russia and Ukraine. Domestically, the JCI was boosted by the release of the performance of issuers.

"The JCI is expected to continue strengthening in trading at the end of March, Thursday, March 31," said Dennies in his research.

The JCI, he said, is projected to move with support levels at 7.031 to 7.010. Meanwhile, the resistance level is at 7.064 to 7.076.

Technically, the movement trend is still in short-term consolidation. On the other hand, the movement will be driven by the release of the performance of issuers and the distribution of dividends by several issuers.

"Investors will watch the talks on a peace plan between Russia-Ukraine which are reported to be improving. Investors will also watch the release of manufacturing data," said Dennies.

As for a number of stocks that can be observed for trading this Thursday, including PT AirAsia Indonesia Tbk (CMPP), PT Japfa Comfeed Indonesia Tbk (JPFA), and PT Mitra Adiperkasa Tbk (MAPI).