JCI Monday Prone To Correction, This Row Of Shares Could Be An Option

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) in the week period 6-8 May 2024 closed down 0.64 percent to the level of 7,088.79 from 7,134.72. So, what about this week?

MNC Sekuritas in its research predicts that the JCI is still prone to correction. This week there will be a release of China's trade balance and inflation. Then next week there will be a release of Indonesia's trade balance and US inflation.

"We estimate that it is still prone to correction to support at 7,036 and resistance at 7,135," explained MNC Sekuritas research.

Last week, the JCI tended to be corrected, this was influenced by several things. Among them is the release of Indonesia's Gross Domestic Product (GDP) in the first quarter of 2024 of 5.11 percent year on year (YoY). In addition, there is also an influence from the weakening of the rupiah exchange rate against the United States dollar.

"There is also still an impact that the movement of world commodity prices tends to strengthen after the reheating of conflicts in the Middle East," explained MNC Sekuritas research.

Seeing some of these sentiments, Herditya recommended to pay close attention to PT Aneka Tambang Tbk (ANTM) shares with a target price of IDR 1,575-IDR 1,600, then PT Astra International Tbk (ASII) with a target price of IDR 5,175-IDR 5,275 and PT GoTo Gojek Tokopedia Tbk (GOTO) with a target price of IDR 72-IDR 76.