JAKARTA - The movement of the Composite Stock Price Index (JCI) has the opportunity to strengthen in the last trade of November 2022, Wednesday, November 30 after yesterday weakening 0.08 percent or 5.28 points to 7012.06.

Throughout yesterday's trading, JCI moved in the range 6990.90 to 7036.53. The bearish JCI was supported by 238 stocks that rose, 274 stocks that weakened and 191 stocks were stagnant.

Market capitalization was recorded at IDR 9,496.172 trillion. Yugen's CEO, growing Sekuritas, William Surya Wijaya, said that the JCI movement was still visible in the sideways with the opportunity for minor pressure to be seen.

The sentiment from commodity price fluctuations is also that the rupiah exchange rate will still overshadow the JCI movement for some time to come.

"However, in the long term the JCI is still on the uptrend route, so the momentum of pressure can be utilized to accumulate purchases with long-term investment targets," he explained in a research publication.

Today the JCI is predicted to move in the range of 7,011 - 7,157. The recommendations for its choice are BBRI, INDF, ITMG, AKRA, BBNI, SMRA, ASRI.


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