Indonesia Composite Index Is Expected To Rise In The Middle Of PPKM Easing, Check Out The Stock Options

Illustration. (Photo: Unsplash)

JAKARTA - The Composite Stock Price Index (Indonesia Composite Index) today, Monday, July 26, is expected to rise again, after closing down 0.58 percent last weekend to 6,101. Indonesia Composite Index is considered to be moving higher amid the easing of the PPKM until August 2.

According to PT Indosurya Bersinar Sekuritas analyst William Suryawijaya, in trading earlier this week, the Indonesia Composite Index will move towards the resistance level of 6,123. The support level of the Indonesia Composite Index is in the position of 5,948.

"Developments in the Indonesia Composite Index movement are seen again through the normal range of consolidation. The stable condition of the Indonesian economy has also supported the Indonesia Composite Index movement for some time to come," William said in his research.

He said, if the Indonesia Composite Index can stay above the nearest resistance level, the index has the opportunity to strengthen in the short term.

"Today, the Indonesia Composite Index still has the potential to move in the green zone," said William.

So, according to him, Indosurya Sekuritas recommends that in today's trading investors collect shares of PT Jasa Marga Tbk (JSMR), PT Tower Bersama Infrastructure Tbk (TBIG), PT Bank Negara Indonesia Tbk (BBNI), PT Gudang Garam Tbk (GGRM), PT Pakuwon Jati Tbk (PWON), and PT AKR Corporindo Tbk (AKRA).