JCI Chance To Strengthen After RI's 77th Anniversary, Check Out Stock Recommendations

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) has the opportunity to strengthen on Thursday, August 18, after the 77th RI holiday on August 17, 2022, in line with the performance reports of issuers.

Yugen Bertumbuh Sekuritas CEO William Surya Wijaya said that after the Indonesian Independence Day holiday and still in a short trading week, the JCI seems to be still in a reasonable consolidation range.

"JCI is still in an uptrend in the long term. But in the short term, there is a chance for a minor correction," he explained in his research.

On Thursday, the JCI has the potential to be under limited pressure in the range of 7,002 - 7,223. The recommended stock options are HMSP, UNVR, BBCA, ITMG, TBIG, TLKM, PWON, ASRI, BINA.

For information, the JCI closed up 0.57 percent or 40.17 points to 7,133.45 at the end of trading, Tuesday, August 16. Artha Sekuritas analyst Dennies Christopher Jordan said the JCI closed higher on Tuesday after rebounding, responding to the previous day's correction.

"Investors tend to do bargain hunting to take advantage of previous price declines. On the other hand, the strengthening is also driven by the release season of issuers' performance in the first semester of 2022," said Dennies.