JCI Is Expected To Strengthen Again This Weekend, This Is The Support

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is estimated to be able to strengthen again in the weekend trading, Friday, August 5, after yesterday at 7,057.34 or up 0.15 percent.

Throughout trading yesterday, today, the JCI moved in the range of 7,075-7025. Noted that 270 stocks rose, 245 stocks weakened, and 168 stocks moved in place. Market capitalization was monitored at IDR 9,282.86 trillion.

Shares of new issuers on the floor of PT Jhonlin Agro Raya Tbk (JARR) rose sharply 24.67 percent or 74 points to a level of 374. Next, there were HATM, CAKK, EMTK, SCMA, and ASHA shares which rose 18.81 percent, 10 .91 percent, 8.05 percent, 5.88 percent, and 5.62 percent.

In the ranks of big caps, the shares of PT Elang Mahkota Teknologi Tbk (EMTK) rose the most sharply, rising 8.05 percent or 155 points to level 2,080. Next were BBCA, TLKM, and TPIA, which rose 2.3 percent, 1.11 percent, and 0.81 percent, respectively.

Yugen Bertumbuh Sekuritas CEO William Suryajaya explained the projected range of JCI movement at 6,789 to 7,074 in today's trading.

"Currently, the JCI movement pattern will be colored by the release of economic data regarding GDP and the release of economic data on foreign exchange reserves which are expected to be in a stable condition which can provide positive sentiment and can boost the increase in the JCI, today the JCI has the potential to strengthen," said Yugen in his research.

He recommended the following stocks for weekend trading, Friday 5 August, namely HMSP, GGRM, UNVR, TLKM, ASRI, PWON, CTRA, BBCA, and BINA.