JCI Thursday Will Strengthen Or Weaken Slightly?

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to tend to be sideways or flat in today's trading, Thursday, September 8 after weakening in the red zone on the third trading day this week.

Yesterday the JCI was at 7,186.75, down 46.39 points or 0.64 percent. Throughout trading, the JCI was mostly in the red zone in the range of 7,166-7,243.

At the close of trading, 200 stocks rose, 329 stocks weakened, and 169 stocks remained stagnant or did not record any changes. Market capitalization fell to IDR 9,420.63 trillion.

CEO of Yugen Bertumbuh Sekuritas, William Surya Wijaya, said that after the release of economic data on foreign exchange reserves, which were in a stable condition, Indonesia's economic fundamentals were still strong. Bank Indonesia (BI) noted that the position of foreign exchange reserves in August 2022 was 132.2 billion US dollars, unchanged from the previous month.

"Regional and global market sentiments, as well as commodity price fluctuations, have also colored the JCI movement, so investors can still take advantage of the momentum for a reasonable correction to make accumulated purchases with short-term investment targets," William said in the research.

JCI will still tend to move sideways for some time to come, and today is moving in the range of 7,123 - 7,278. The stock recommendations of choice are BBCA, UNVR, SMGR, BMRI, TBIG, SMRA, AKRA.