Before Joint Leave, JCI Is Predicted To Strengthen

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) still has the potential to show strengthening today, Tuesday, April 18, or ahead of the long holiday of Eid al-Fitr or Eid Al-Fitr 2023. Strengthening is driven by the stableness of the Indonesian economy.

The Indonesian government has set a joint leave for Lebaran 2023 to be April 19-25, 2023. This means that during that period it is also a schedule for the stock exchange holiday.

CEO of Yugen Bersinar Sekuritas William Surya Wijaya said the domestic economic condition that tends to be stable will be a positive catalyst for the JCI today.

"The last day before the long holiday of the holiday, seeing the long-term opportunity of the JCI which still shows the potential to strengthen, considering that the domestic economic condition is based on reported data that shows economic stability," he said in the research.

Therefore, the opportunity for minor corrections in the JCI can still be used by investors to accumulate purchases.

"Especially for strong quindamental stocks, tomorrow the JCI has the potential to weaken, with a range of 6737-6845," he said.

The stocks recommended by Yugen Bersinar Sekuritas include GGRM, KLBF, ASII, BBCA, BBRI, WIKA, ASRI, PWON, SMRA, and TLKM.

For information, the Composite Stock Price Index (JCI) closed down 0.45 percent or 30.9 points to the level of 6,787 at the close of trading last Monday.

A total of 227 stocks rose, 282 stocks fell, and 214 stocks were stagnant. Throughout yesterday's trading, the JCI moved in the range of 6,765-6,829, where market capitalization fell to Rp9,567 trillion.