The JCI Is Predicted To Continue Strengthening As Bank Indonesia Is Predicted To Hold Benchmark Interest Rates

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to continue strengthening in line with Bank Indonesia's projection to hold the BI7DDR benchmark interest rate on Thursday, July 21.

Yugen Growing Securities CEO William Surya Wijaya in his research said that the JCI movement pattern is still showing long-term strengthening. The correction momentum can be used by investors to make accumulated purchases with medium to long-term investment targets.

"Today's release of economic data on interest rates is suspected to have not changed, and has become a catalyst for the JCI," he said.

Interest rates that have not changed can also improve the sentiment of issuers with strong fundamentals due to the return of the wheels of the real sector economy.

The increase in the performance of issuers certainly has a positive impact on their shares. Today the JCI has the potential to rise within the range of 6.721 - 6.956. The stock recommendations of choice are AALI, ASII, ASRI, TLKM, BBRI, BBCA, UNVR, WIKA, KLBF.

For information, the Composite Stock Price Index (JCI) closed up 2.06 percent or 138.65 points to 6.874.74 on Wednesday, July 20 trading. A number of big cap stocks soared and boosted the JCI.