JCI It Is Predicted That Wednesday's JCI Will Strengthen. This Is The Choice Of Shares

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to strengthen in today's trading, Wednesday, November 9, after yesterday weakening 0.74 percent or 52.27 points to the level of 7,050.12. Panin Sekuritas analyst Christian Anderson Yuwono said the JCI would be influenced by the release of economic data in the form of reports on the growth of gross domestic product (GDP) which is still growing quite well. The Central Statistics Agency (BPS) recorded Indonesia's economic growth which was still bright in the third quarter of 2022. It was noted that the Indonesian economy was able to grow 5.72 percent on an annual basis, aka year on year (YoY) from July 2022 to September 2022. This achievement is higher than the second quarter of 2022 which was only 5.44 percent on an annual basis, and surpassed the achievement in the same quarter of the previous year which was 3.51 percent on an annual basis. The market also appreciated the release of positive third-quarter issuers' financial reports. "If the growing third-quarter financial report can be a positive catalyst for the JCI, along with the release of Indonesia's GDP report which recorded a positive performance," Christian said in his research. While sentiment from abroad, investors are watching the central bank's aggressive monetary policy. Christian projects the JCI will move in the support range of 6,969 and resistance at 7,120 today. Shares that investors can observe include ESSA, SMCA, LPPF, KEEN, WIKA, TINS, BBRI, and BBNI.