Ahead Of PPKM Announcement, JCI Projected To Weak: BCA, Telkom, Pakuwon, Etc. Stocks Could Be Options

Illustration. (Photo: Doc. Antara)

JAKARTA - Artha Sekuritas Indonesia analyst Dennies Christopher Jordan projects that the Jakarta Composite Index (JCI) will weaken in today's trading, Monday, September 6. The weakening of this index is in line with investors waiting for the PPKM decision which will end today.

"Technically, the stock index shows weakness, as can be seen from the stochastic indicator which is starting to move closer to overbought. There is potential for a correction in the near future. JCI is predicted to weaken," said Dennies in his research.

According to him, the JCI movement will be in the support range of 6,032 and resistance at 6,172.

Meanwhile, Director of Indosurya Bersinar Sekuritas William Surya Wijaya said the JCI will still be in its consolidation zone for some time to come.

"This is triggered by foreign investors who have not flowed capital inflows or capital inflows significantly," he said.

He predicts that JCI will advance in the support range of 5,969 and resistance at 6,202. The selected stocks are PT Bank Central Asia Tbk (BBCA), PT Telkom Indonesia Tbk (TLKM), PT Astra Agro Lestari Tbk (AALI), PT Bank Negara Indonesia Tbk (BBNI), PT Pakuwon Jati Tbk (PWON), and PT Unilever Indonesia Tbk (UNVR).