JCI At The Beginning Of The Week Is Projected To Weaken, Consider Stock Recommendations From Analysts

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to weaken in today's trading, Monday, September 20. At the beginning of this week, the lack of positive sentiment is expected to continue to support the weakening of the JCI.

Artha Sekuritas Indonesia analyst Dennies Christopher Jordan said there was minimal sentiment earlier this week.

"JCI is predicted to weaken. The stock index will move in the range of support at 6,070 and resistance at 6,164," said Dennies in his research.

Meanwhile, Director of Indosurya Bersinar Sekuritas William Surya Wijaya stated that the JCI will also weaken today. However, he believes that the depressed JCI momentum can be used by short-term investors to trade.

"This is due to the fluctuating movement of the JCI," 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 Bank Negara Indonesia Tbk (BBNI), PT Astra International Tbk (ASII), PT Telkom Indonesia Tbk (TLKM), and PT Wijaya Karya Tbk (WIKA).