JCI Tuesday Projected To Strengthen Again, 5 Stocks Are Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is expected to strengthen again in today's trading, Wednesday, February 28, after yesterday's slight gain of 0.02 percent to the level of 7,285.31 in Tuesday's trading.

Technically, the JCI survives in MA20, this indicates that the bullish phase is maintained. JCI is expected to strengthen in the range of 7,300-7,330 on Wednesday's trading.

Phintraco Sekuritas dalam risetnya menyebut, di pasar global, investor berada dalam kondisi wait dan see terhadap rilis data GDP AS. Sementara, data Non Farm Payrolls (NFP) menunjukkan peningkatan.

In January 2024, NFP rose from 333,000 in December 2023 to 353,000 in January 2024.

"The increase in non-farm payroll data shows improvement in the employment sector and indicates the recovery of economic activity in the first quarter of 2024," explained research by Phintraco Sekuritas.

Meanwhile, in the region, Japan will release data leading economic index, where consensus estimates at the level of 110 bps, rising in November which is at the level of 108.10 bps.

"This increase indicates the potential for a higher improvement in economic growth in the future, because the leading economic index is often considered an initial indicator of the direction of economic growth in a country," explained Phintraco Sekuritas.

According to Alrich, this improvement is also indicated from Japan's projected confidence index which is estimated to remain above 100.

The stocks recommended for today's trading are BBRI, BBCA, BMRI, INCO, and KEY.