JCI Tuesday Potentially Consolidate, Banking Stocks Can Be An Option

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) has the potential to consolidate in today's trading, Wednesday, January 30.

Phintraco Sekuritas assesses that technically, the JCI will today be in the support range in area 7,150, pivot at 7,200 and resistance at the level of 7,250.

Phintraco Sekuritas melihat saham-saham bluechip sebagai pilihan utama (top picks), terutama saham big bank, seperti BBRI, BBCA, BMRI, BBNI, BRIS, BBTN, BFIN, dan MBMA.

For information, JCI strengthened 20.08 points, up 0.28 percent to the level of 7,157.17 on Monday, January 29. Foreign investors recorded a net buy of IDR 540.18 billion.

Earlier this week, four shares of a jumbo market affiliate led market strengthening.

Shares of PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Bank Mandiri (Persero) Tbk (BMRI), PT Bank Negara Indonesia (Persero) Tbk (BBNI) and PT Bank Central Asia Tbk (BBCA) compactly rose more than 2 percent.

Three state-owned bank shares rose relatively the same level, at 2.7 percent. The BBCA strengthened 2.14 percent.