There Is No Strong Sentiment Yet, JCI Tuesday Will Still Weaken

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (IHSG) weakened again on Monday, July 4. JCI fell 2.28 percent to the level of 6,639.17.

The decline in the JCI in yesterday's trading was in line with the weakening of large capitalization stocks. On the other hand, foreign investors recorded net sales of up to Rp1.11 trillion.

Then how about the JCI projection today (Tuesday, July 5)?

Citing his research, CEO of Yugen Bertumbuh Sekuritas, William Surya Wijaya, said that the JCI is still overshadowed by a wave of pressure that doesn't seem to end yet.

William said that even sentiment from outside and within the country is still minimal, so it has not been able to give color to the JCI movement pattern.

"Investors wait and see in responding to the JCI movement pattern. Moreover, there is still waiting for the release of issuers' performance data," said William.

The JCI today will still be under pressure. The range is 6,589 to 6,888.

The stocks that he observed were ASII, TLKM, BBRI, ICBP, JSMR, UNVR, TBIG, BBCA, and GGRM.