JAKARTA - The movement of the Composite Stock Price Index (JCI) in today's trading Wednesday, August 25, has the opportunity to rebound after being stuck in the red zone yesterday and ended down 0.33 percent to 6,089.

According to PT Reliance Sekuritas Indonesia Tbk (RELI) analyst, Lanjar Nafi Taulat Ibrahimsyah, the JCI's technical pace is quite heavy, which Tuesday had to be corrected. However, there are signals for a positive move today.

"Therefore, the opportunity for the JCI to rebound is still open, with a support-resistance range at the level of 6,069-6,154," said Lanjar in his research.

Lanjar recommended investors to collect shares of PT Aneka Tambang Tbk (ANTM), PT Indofood Sukses Makmur Tbk (INDF), PT Japfa Comfeed Indonesia Tbk (JPFA), PT Lippo Karawaci Tbk (LPKR), and PT Waskita Karya Tbk (WSKT).

Meanwhile, analyst at PT Indosurya Bersinar Sekuritas, William Suryawijaya, estimates that the JCI movement in today's trading will still be under pressure. The support-resistance range of the JCI is at the level of 5,872-6,123.

"Developments of the JCI movement that will be passed are seen as potentially still in the range of reasonable consolidation. Fluctuations in commodity prices and the rupiah exchange rate will not provide sentiment on the JCI movement pattern," said William.

In addition, he continued, the economic slowdown will still affect the performance of issuers for some time to come.

"Today the JCI has the potential to be under pressure," he said.


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