JCI Will Be Under Pressure This Weekend, Check Out The Stock Recommendations

Illustration - Employees pass near the monitor screen for the movement of the Composite Stock Price Index (IHSG) at the Indonesia Stock Exchange building. (Photo: Reno Esnir/Antara)

JAKARTA - The movement of the Composite Stock Price Index (IHSG) in trading this weekend is expected to turn depressed, after closing up 0.7 percent yesterday to the level of 6.068.

According to PT Indosurya Bersinar Sekuritas analyst William Suryawijaya in his research, so far the JCI movement still appears to be in a normal consolidation phase, with potential pressures that are still far greater than the opportunities for increases.

William said the lack of positive sentiment was a factor that kept the JCI movement pattern stagnant and coupled with the ongoing economic slowdown. Currently, the JCI has a support-resistance range at 5.969-6.202 levels.

However, William continued, the JCI movement for the long term still has the opportunity to achieve capital gains, of course on stocks with good fundamentals.

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

Thus, he explained, the potentially depressed JCI movement could be utilized by investors by accumulating the purchase of shares of PT Bank Central Asia Tbk (BBCA), PT AKR Corporindo Tbk (AKRA), PT Bank Negara Indonesia Tbk (BBNI), PT Kalbe Farma Tbk ( KLBF), PT Pakuwon Jati Tbk (PWON), and PT Alam Sutera Realty Tbk (ASRI).