JCI on Wednesday is Projected to be Prone to Correction, These Three Stocks Can be Monitored

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (IHSG) is projected to weaken in today's trading, Wednesday, July 31, after yesterday it closed down 47.03 points or 0.65 percent to 7,241.86.

MNC Sekuritas analyst Herditya Wicaksana saw that yesterday's correction in the IHSG was influenced by the movement of the rupiah exchange rate which weakened again against the United States (US) dollar.

For the record, the spot rupiah weakened 0.12 percent to IDR 16,300 per US dollar. Meanwhile, the rupiah Jisdor fell 0.21 percent to IDR 16,320 per US dollar.

On the other hand, today's commodity prices also tend to move down.

"Yesterday's correction in the IHSG was also in line with the movement of the Asian stock exchange which also mostly moved down," he said in his research.

According to him, for today's trading, the IHSG is still prone to moving down with support at 7,207 and resistance at 7,272.

"For today, the JCI will be influenced by the release of US jobs data and the release of Chinese manufacturing data," he said.

Herditya also recommended a number of stocks that investors could look at, such as PT Bank Syariah Indonesia Tbk (BRIS) with a target price of IDR 2,600 - IDR 2,700 per share, PT Kian Santang Muliatama Tbk (RGAS) IDR 94 - IDR 99 per share, and PT Medialoka Hermina Tbk (HEAL) IDR 1,400 - IDR 1,450 per share.