The JCI On Wednesday Has The Potential To Strengthen, A Number Of Shares Can Be An Option

Illustration. (Photo: Doc. Antara)

JAKARTA - The combined stock price index (JCI) has the potential to strengthen in today's trading, Wednesday, January 31, which is a gamble on the January Effect phenomenon in the 2024 General Election.

The CEO of Yugen Growing Sekuritas William Surya Wijaya said that the current JCI movement pattern still shows that it is in a reasonable consolidation range with the potential for limited increase that is still visible. The release of economic data at the inflation rate is allegedly still showing the stable condition of the Indonesian economy.

"Mulai adanya pembali direction pada nilai tukar Rupiah serta masih tercatatnya capital inflow secara ytd turut memberikan sentimen positif bagi pergerakan JCI," ujarnya dalam riset.

The interest of foreign investors in the Indonesian capital market is also the supporter of the JCI movement for some time to come. Foreign investors today bought up shares with a net buy of IDR 488.68 billion.

Throughout 2024, net buys foreign investors reached IDR 6.81 trillion. William predicts the JCI will move in the range of 7,123-7,272.

The stocks he recommends today include ASII, BBNI, UNVR, BSDE, BMRI, JSMR, TBIG.

For information, the JCI closed up 0.49 percent to the level of 7,192.21 in trading last Tuesday. Shares with large market capitalizations such as ASII, BBRI, and GOTO were closed up throughout yesterday's trading.

JCI rose 35.04 points and had reached the highest level of 7,213 during the trading session. The lowest level of the JCI yesterday was at the level of 7,133.

The JCI market capitalization rose to IDR 10,440 trillion. There are 253 stocks that rose, 276 stocks ended in the red zone, and 239 stocks were stagnant.