Responding To Several Positive Sentiments, JCI At The End Of The Week Has A Chance To Strengthen

Illustration. (Photo: Doc. Antara)

JAKARTA - The composite stock price index (JCI) has the opportunity to continue to strengthen in today's trading, Friday 22 March. The JCI rate is influenced by the sentiment of the issuer's performance, the determination of the BI interest rate to the Fed, and the results of the 2024 presidential election.

CEO of Yugen Bersinar Sekuritas Wiliam Surya Wijaya said the potential for strengthening the JCI is still open. This is in line with economic data that tends to be stable. If there is a momentum correction, investors can still use it to accumulate purchases with short to medium-term targets.

"The opportunity for the JCI movement is still visible and will not move from a reasonable consolidation phase amid the lack of sentiment, while the release period of the issuer's performance is still the support for the JCI movement to date," he said in a research publication.

Today the JCI is predicted to move in the range of 7,272'7.35. Its choice of share recommendations are ASII, LSIP, SMGR, BBCA, BBRI, SMRA, JSMR, GGRM.

For information, on Thursday 21 March trading, the JCI rose 0.10 percent or 7.22 points to the level of 7,338.353. JCI moved in the range of 7,336,595-7,396,471 throughout trading.

A total of 16.6 billion shares were traded with a transaction value of IDR 11.17 trillion and a frequency of 1.19 million times.

As many as 306 stocks rose, 204 stocks fell, and 254 other stocks were in stagnant condition. Market capitalization reached 11,770,032 trillion.