JCI Monday Has A Chance To Strengthen, Eight Shares Can Be An Option

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) still has the opportunity to strengthen in today's trading, Monday, March 4 ahead of the dividend decision of a number of jumbo banks.

Yugen-Growing Sekuritas CEO William Surya Wijaya said the JCI movement pattern was still seen in a reasonable consolidation range amid the lack of sentiment from within the country and from the region. Fluctuations in commodity prices and rupiah exchange rate movements are factors that can affect the JCI movement pattern in the short term.

"In addition, the capital inflow throughout 2024 also provides sentiment for the JCI movement," William said in his research.

William mediated that the JCI today is moving in the range of 7,256-7,373. The recommendations for the choice of shares are INDF, BMRI, AALI, JSMR, ITMG, SMGR, BSDE, AKRA.

For information, last week the JCI decreased in trading a week from 26 February to 1 March 2024 in line with the correcting activities of stock transactions. Indonesia Stock Exchange (IDX) stock trading data a week ago tended to decline.

Market capitalization a week corrected 0.27 percent to Rp11,572 trillion from Rp11,603 trillion in the previous week. JCI also fell 0.55 percent to the level of 7,295,095 from 7,335,454 at the close last week.

Then, the frequency of daily transactions during the week weakened 2.01 percent to 1.269 million transactions from 1.295 million transactions the previous week.

"The average daily transaction volume over the week decreased by 13.08 percent to 15.41 billion shares from 17.72 billion shares from the close of last week. The average daily transaction value of the IDX also fell 26.56 percent to Rp10.15 trillion from Rp13.82 trillion in the previous week," quoted from the IDX press release.