The JCI on Thursday Is Predicted To Strengthen, These Are The Recommended Stocks

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (IHSG) is expected to continue strengthening in today's trading, Thursday, April 27, after being in the green zone yesterday on the first day of opening after the Eid holiday, aka rising 1.29 percent or 88.34 points to a level of 6.910.15.

Phintraco Sekuritas in his research said that the JCI formed a rising window along with strengthening on Wednesday. JCI also formed a dragonfly doji pattern which strengthens the potential for further strengthening on Thursday.

"Thursday JCI will move in the area of ​​support at the level of 6.850 and resistance at the level of 6.940. This movement is influenced by market players who are still anticipating the results of the FOMC The Fed on Wednesday," explained research by Phintraco Sekuritas.

The financial performance of the first quarter of 2023 from banks, especially regional banks in the US, is expected to encourage the Fed to maintain the pace of interest rate hikes at 25 bps. This was responded positively by market players in Indonesia.

However, the majority of stocks that are sensitive to interest rate movements are indicated to be overbought. Therefore, market participants should remain vigilant about potential profit-taking.

Meanwhile, from within the country, market players are anticipating data on Indonesia's first quarter 2023 economic growth which will be released in early May 2023.

The stocks recommended by Phintraco Sekuritas today are ADRO, UNVR, ANTM, AMRT, BJTM, ERAA, and LSIP.