JCI Tuesday Has A Chance To Strengthen, These Seven Stocks Could Be Options

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) has the opportunity to strengthen again to penetrate 7,300 in today's trading, Tuesday, January 9.

CEO of Yugen Bersinar Sekuritas William Surya Wijaya conveyed that economic data in the form of foreign exchange reserves that have been re-launched will provide positive sentiment to the JCI movement pattern.

The stability of the domestic economy remains one of the attractions for investors to invest in the Indonesian capital market. Bank Indonesia (BI) recorded the position of Indonesia's foreign exchange reserves of 146.4 billion US dollars at the end of 2023.

This position jumped when compared to the position at the end of November 2023 which amounted to 138.1 billion US dollars.

"The movement of the JCI seems to still feel at home in a reasonable consolidation range, so the chances of an increase in the short term still seem quite limited," he said in a research publication.

However, if there is a reasonable correction, the momentum can still be used by investors to accumulate purchases for shares that have strong fundamentals with a large market cap.

William predicts the JCI today will move in the range of 7,272-7,392. The recommendations for the choice of shares are SMRA, ICBP, ITMG, AALI, BBCA, TBIG, KLBF.