JAKARTA - The Composite Stock Price Index (JCI) is projected to remain in the red zone in today's trading, Friday, February 28, after yesterday falling 120.73 points or 1.83 percent to 6,485.44.
MNC Sekuritas analyst Herditya Wicaksana sees that the JCI movement is still correcting and breaking from the support area at 6,500.
"The weakening of the rupiah exchange rate and the outflow of foreign funds from banks still overshadow the JCI movement," he said in research.
For this Friday, the JCI has the opportunity to strengthen with a limited tendency. The movement level is at 6,460 support and 6,503 resistance.
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"The movement of the JCI is still overshadowed by movements of the rupiah exchange rate and foreign outflows. Investors will also wait for US GDP data," he said.
Herditya advised investors to pay close attention to AMRT's stock movement with a target price of IDR 2,330 - IDR 2,470 per share, AADI IDR 7,425 - IDR 7,650 per share, and AKRA IDR 1,335 - IDR 1,350 per share.
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