JCI Projected To Strengthen Monday, Shares Of Gudang Garam, BRI, And Sandiaga Uno's Company Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) in today's trading Monday, August 23, tried to continue the upward process, after last weekend experienced a technical rebound and closed up 0.64 percent to the level of 6,030.

According to PT Reliance Sekuritas Indonesia Tbk (RELI) analyst, Lanjar Nafi Taulat Ibrahimsyah, the JCI has rebounded from the 5,993 level. He said, technically there are indications of positive movement for the JCI.

"So, the JCI has the potential to try to continue strengthening after giving a rebound signal at the MA200 support level, with a movement range of 5,993-6,066," said Lanjar in his research.

Meanwhile, analyst at PT Indosurya Bersinar Sekuritas, William Suryawijaya, said that the JCI movement in trading earlier this week was still under pressure. The JCI support-resistance range is at the level of 5,872-6,123.

"Today, the JCI seems to be still in a consolidation phase, with potential pressures that are still quite large, given the economic slowdown which is still a challenge," said William.

In addition, said William, sentiment related to commodity prices and the rupiah exchange rate has not been able to have a positive influence on the JCI movement pattern.

"The fluctuating movement in a reasonable consolidation range can be used by investors to accumulate stock purchases with short-term targets," he said.

Therefore, according to William, in today's trading, investors are recommended to make accumulated purchases of shares of PT Gudang Garam Tbk (GGRM), PT Bank Rakyat Indonesia Tbk (BBRI), PT Semen Indonesia Tbk (SMGR), PT Bank Negara Indonesia Tbk (BBNI), PT Telekomunikasi Indonesia Tbk (TLKM), PT AKR Corporindo Tbk (AKRA), and Sandiaga Uno's company PT Tower Bersama Infrastructure Tbk (TBIG).