The JCI Today Is Potential to Strengthen Limited, BCA, Indofood, and Ciputra Stocks Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (IHSG) still has the potential to strengthen, limited to today's trading on Wednesday, April 13 after yesterday rising 0.15 percent or 10.98 points so that it is parked at the level of 7.214.78.

CEO of PT Indosurya Bersinar Sekuritas William Surya Wijaya said the development of the JCI movement showed a limited pattern of strengthening and still had the potential to be in a positive range of movement. The increase in the JCI movement to date has been supported by significant capital inflows that have entered the Indonesian capital market.

"This of course will still be one of the attractive factors for investors to continue investing in the Indonesian capital market," William said in his research.

He predicts that today the JCI still has the potential to strengthen in a limited range of 7.165-7.357. The stock recommendations of choice are PT Astra International Tbk (ASII), PT Bank Central Asia Tbk (BBCA), PT Indofood Sukses Makmur Tbk (INDF), PT Jasa Marga Tbk (JSMR), PT Ciputra Development Tbk (CTRA), and PT Telkom Indonesia Tbk (TLKM).

Meanwhile, Artha Sekuritas analyst Dennies Christopher said the JCI closed higher after fluctuating throughout the day and being overshadowed by the weakening of global stock markets.

As for today's trading, Dennis predicts the JCI will weaken. He explained that technically the candlestick, JCI formed a doji with the stochastic widening after forming a deadcross indicating a potential weakening.

"However, the movement will still be supported by the release of the issuer's performance and the distribution of dividends," said Dennies

On the other hand, Dennies said that investors will pay close attention to the development of the Fed's economic policy as well as the release of several economic data.