Monday's JCI Has the Chance to Strengthen, What Stocks Could Be Choices?

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (IHSG) has the opportunity to strengthen in trading today, Monday, October 30, ahead of the release of economic data and issuers' financial reports.

CEO of Yugen Bertumbu Sekuritas William Surya Wijaya said that starting the last week of October 2023 there will be the release of a number of economic data. The inflation rate, for example, is predicted to remain stable.

"If there is a chance for a reasonable correction in the JCI movement, investors can still take advantage of it to carry out accumulated purchases, considering that the domestic economic condition is still in a stable condition," he said in the research.

In trading at the start of the week, the JCI has the potential to be corrected in the range of 6,702-6,899. Recommended shares for ASII, BBCA, KLBF, UNVR, ICBP, PWON, ASRI, TBIG, HMSP.

For information, the JCI was recorded to have fallen 1.32 percent during last week's trading, October 23 - 27, 2023. The stock exchange's market capitalization also weakened by 0.84 percent.

P.H Corporate Secretary of the Indonesian Stock Exchange (BEI) Aulia Noviana Utami Putri said that during the week closed, the JCI weakened 1.32% to 6,758,793 from 6,849,168 in the previous week.

The stock exchange's market capitalization was also recorded to have decreased by 0.84 percent to IDR 10.53 trillion from IDR 10.61 trillion in the previous week. The average daily transaction value of the Exchange was also observed to have decreased by 23.38 percent to IDR 9.05 trillion from IDR 11.81 trillion at the close of last week.