JCI Monday It Is Estimated That Meweak Will Have A Minimum Positive Sentiment

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is expected to tend to weaken in today's trading, Monday, December 5 after closing down slightly at the end of trading last week.

Over the past week, the JCI weakened 0.48 percent to what level 7,019,639 from 7,053,150 the previous week. Foreign investors on Friday, December 2, recorded a net sale value of IDR 1.62 trillion.

Throughout 2022, foreign investors recorded a net purchase of IDR 78.73 trillion. CEO of Yugen Bertumbuh Sekuritas William Surya Wijaya explained that the development of the JCI movement so far still seems to have not moved from a reasonable consolidation range.

"Although capital inflow year to date (YtD) still shows the high interest of foreign investors in the Indonesian capital market," he said in his research.

Furthermore, William explained that there is still a lack of sentiment that can encourage the increase in the JCI tends to make the JCI move sideways, while the momentum of pressure can still be used by investors to accumulate purchases with long-term investment targets.

"JCI tends to move sideways in the range 68.36 to 7.123," he said.

The stocks that are recommended are PT Bank Mandiri Tbk (BMRI), PT Semen Indonesia Tbk (SMGR), PT Bank Negara Indonesia Tbk (BBNI), and PT Telkom Indonesia Tbk (TLKM).

Furthermore, there are PT Gudang Garam Tbk (GGRM), PT AKR Corporindo Tbk (AKRA) and PT Ciputra Development Tbk (CTRA).