The Perpetrators Of The Wait And See Market Ahead Of The BI RDG, This Is The JCI Prediction Tuesday

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is expected to be consolidated in the range of 7,100 in today's trading, Tuesday 19 December, in line with the wait and see attitude of market players ahead of the BI RDG which will be held on Thursday.

Phintraco Sekuritas in his research said the JCI closed down 0.99 percent or 71.46 points to the 7.119.52 plot in yesterday's trading, because it was depressed by selective selling on a number of energy stocks and basic materials. Even so, a number of stocks in the Healthcare sector began to strengthen significantly amid the increase and forecast for the increase in new COVID-19 cases ahead of the Christmas and New Year holidays.

"Therefore, in today's trading, the JCI is expected to move consolidated consolidation in the range of 7,100," explained the research of Phintraco Sekuritas.

The consolidation, continued Valdy, was influenced by the wait and see attitude of investors towards the results of the BI RDG meeting which will be held on December 21, where Bank Indonesia is expected to hold the benchmark interest rate again at the level of 6 percent, following a similar decision made by the Fed last week.

In today's trading, Phintraco Sekuritas recommends stocks that have a rate-sensitive character including BBNI, BMRI, BRIS, ASII and CTRA. Other alternatives include TLKM, ACES, AMRT, ERAA, and KLBF.