JCI on Monday Has the Potential to Strengthen, This is a List of Recommended Stocks

Illustration. (Photo: Doc. Antara)

JAKARTA - The composite stock price index (IHSG) has the potential to strengthen in trading today, Monday 12 February, in line with sentiment for the 2024 election, namely the presidential election on February 14, 2024.

Yugen Bertumbu Sekuritas CEO William Surya Wijaya said that starting the week ahead of the domestic democracy party, an aura of positive sentiment will be seen in the JCI movement pattern. JCI is also supported by economic data such as foreign exchange reserves.

"In the long term, the JCI is still in an uptrend condition, where if there is a chance for a minor correction, investors can still take advantage of it to make accumulated purchases, especially for stocks with strong fundamentals," he said in the research.

According to him, this Monday, the JCI has the potential to strengthen in the range of 7,123-7,272. The recommended stock choices are BBCA, BBNI, BBRI, TLKM, JSMR, UNVR, ICBP, ITMG, KLBF.

For information, the JCI during the short week of 5-7 January 2024 closed down 0.05 percent to 7,2385.15 from 7,238.78 in the previous week. Foreign investors were observed buying up shares in the short week of 5-7 January 2024 ahead of the Isra Mikraj and Chinese New Year holidays, even though the JCI weakened.

The Indonesian Stock Exchange (BEI) recorded a net buying action or net buy by foreign investors of IDR 12.38 trillion year-to-date (ytd) until the end of trading Wednesday, February 7.