JCI Yesterday Again All Time High, How Is The Projection For Today?

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) managed to strengthen 0.53 percent or 39.3 points to the level of 7,421.21 at the close of last Wednesday, March 13. This is the highest JCI trading closure of all time, and even set a record high or all time high (ATH) of 7,441.62 during the day.

Mirae Asset Sekuritas analyst Nafan Aji projects that the JCI will move at support levels of 7,394 and 7,364 and resistance 7,442 and 7,497.

"Indeks of confidence in Indonesia's consumption and the outlook for the Indonesian economy are still showing optimism. From the global world, like the central United States (US) of the Federal Reserve, it is considered still dovish," he explained.

Meanwhile, MNC Sekuritas analyst Herditya Wicaksana estimates that the JCI will still have the opportunity to move higher with support at 7,370 and resistance at 7,450. According to him, the JCI movement will be again influenced by commodity prices and investors who are still observing US economic data after yesterday inflationary data increased.

Herditya advised investors to pay attention to ANTM's shares with a target price of IDR 1,665 per share, IDR 1,710 per share, ESSA at IDR 620 per share, and BRPT in the price range of IDR 1,090 per share IDR 1,180 per share.