JAKARTA - The movement of the Composite Stock Price Index (JCI) is still likely to strengthen today, Tuesday, July 26 after yesterday closed at 6,858.40 or 0.41 percent corrected.
Throughout yesterday's trading, the JCI moved in the range of 6,858.40 - 6,908.19. Noted, 238 stocks rose, 280 stocks weakened and 162 stocks moved in place.
Market capitalization was monitored at Rp9,058.35 trillion. Foreign investors recorded a net sell of Rp272.23 billion. However, throughout 2022, foreign net buys reached IDR 56.67 trillion.
CEO of Yugen Bertmbuh Sekuritas William Surya Wijaya said that the JCI movement still seems to be in the range of reasonable consolidation with limited potential for strengthening. The performance reports of issuers during the first semester of 2022 as well as capital inflows throughout the current year will still be one of the supporting factors for the current JCI movement.
"JCI has the potential to strengthen in the range of 6,786 - 6,901," William said in his research.
William recommends his preferred stocks for today, namely BSDE, CTRA, PWON, ASRI, UNVR, HMSP, BBCA, TLKM, BBRI.
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