This Is The Prediction Of The JCI Movement On Tuesday, Here Are The Stock Recommendations

Illustration. (Photo: Doc. Antara)

JAKARTA - The composite stock price index (JCI) is predicted to experience consolidation in the range of 7,123-7,272 in today's trading, Tuesday, January 23. Analysts provide a number of stock recommendations.

Yugen-Growing Sekuritas CEO William Surya Wijaya said that currently the JCI seems to be still in a reasonable consolidation phase with a pressure pattern that is still relatively large. JCI pressure is still influenced by sentiment from the movement of the rupiah exchange rate and commodity price fluctuations.

"The market movement pattern still looks to have the potential for moving sideways in the short term. However, as long as the support level can still be maintained strongly, the momentum of price fluctuations can still be utilized by investors to carry out daily trading," he said in the research.

William predicts the JCI will move today in the range of 7,123-7,272. Recommendations for TBIG, TLKM, BBNI, JSMR, CTRA, AKRA, KLBF shares.

For information, yesterday the JCI closed up 0.28 percent or 20.52 points to the level of 7,247.92. JCI moved in the range of 7,194 to 7,247 in trade.

Meanwhile, foreign iInvestors made a net buy of IDR 6 trillion throughout 2024. Analysts believe this foreign shopping action will make the JCI penetrate the all-time high (ATH) level again in the near future.