The JCI on Tuesday is Predicted to Strengthen Driven by Stable Economic Data

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (CSPI) is predicted to strengthen today, Tuesday, October 11, after falling to 7.000 at the close of trading yesterday.

CEO of PT Indosurya Bersinar Sekuritas William Surya Wijaya said that the opportunity for strengthening occurs in the medium to long term seen from economic data that shows economic improvement in a stable direction.

"Meanwhile, in the short term, correction opportunities can be used to make accumulations for investors," he explained in the research.

At the close of trading Monday, October 10 at 15.00 p.m. Western Indonesian Time (WIB), the JCI parked at 6.994.39 or weakened 0.46 percent. Throughout trading, the JCI moved in the range of 6.947.71 - 7.026.66.

The data also noted that 150 stocks rose, 392 stocks fell and 157 stocks moved in place. Market capitalization was monitored at IDR 9.225.66 trillion.

William Surya Wijaya also predicts today's index will move higher. He recommended the shares of listed companies PT Unilever Indonesia Tbk (UNVR), PT Tower Bersama Infrastructure Tbk (TBIG), PT Sarana Menara Nusantara Tbk. (TOWR), PT Bank Ina Perdana Tbk. (BINA), and PT HM Sampoerna Tbk. (HMSP).

Then there is PT Alam Sutera Realty Tbk. (ASRI), PT Pakuwon Jati Tbk. (PWON), PT Summarecon Agung Tbk. (SMRA), and PT Ciputra Group Tbk (CTRA).