A Number Of Minutes Will Influence The JCI Wednesday, These Are Recommended Shares

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) will be influenced by various sentiments in trading on Wednesday, August 31, after yesterday's index closed up 0.38 percent to 7.159.47. MNC Sekuritas analyst Herditya Wicaksana said the JCI yesterday strengthened amid the negative sentiment circulating, according to a hawkish statement by Federal Reserve Governor Jerome Powell. There is also sentiment from the plan to increase subsidized fuel which is expected to lower Indonesia's purchasing power and increase inflation. In trading this Wednesday, Herditya appealed to investors to be aware of the potential correction of the JCI if it is unable to penetrate the resistance level at 7,230. Meanwhile, the support level is at 7,110 first. "Investors can pay close attention to RALS, PTPP, and ADHI shares." he said in the research. Sekuritas Panin analyst Christian Anderson Yuwono guessed the JCI will move in the support range of 7,010 and resistance at 7.235 on Wednesday's trading. A number of sentiments are projected to color the JCI movement. From within the country, the market is waiting for Indonesia's inflation data to be released. Meanwhile, from abroad, there is sentiment to escalate tensions between China and Taiwan. "Because US President Joe Biden reportedly submitted a destination for arms sales to Taiwan worth US$1.1 billion," Christian explained. Christian also recommended several stocks, including WIKA, WSKT, BRIS, BBYB, MAPI, and RALS trading on Wednesday.