JCI Is Overshadowed By The Announcement Of BI Benchmark Interest Rates, Stock Options: There Is Mayora Owned By Conglomerate Jogi Hendra Atmadja

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) in today's trading, Tuesday, September 21, will be overshadowed by sentiment related to the announcement of the BI 7-Day Reverse Repo Rate which is estimated to remain at the level of 3.5 percent.

According to PT Indosurya Bersinar Sekuritas analyst William Suryawijaya, so far the JCI movement is still showing a normal consolidation pattern. The support-resistance range of the JCI is at the level of 5,969-6,202.

William estimates that today BI will maintain the benchmark interest rate at the level of 3.5 percent. The announcement of the BI 7-Day Reverse Repo Rate will be a positive sentiment for the JCI movement.

"However, the potential for pressure is still seen to overshadow the JCI," William said in his research.

In addition, he continued, the JCI movement will also be overshadowed by sentiment related to commodity price fluctuations amid the slowdown in the real sector.

"Today the JCI has the potential to move within a limited range," said William.

In today's trading, William offered a number of stocks that market participants could observe, namely PT Bank Central Asia Tbk (BBCA), PT Gudang Garam Tbk (GGRM), PT Telkom Indonesia Tbk (TLKM), PT AKR Corporindo Tbk (AKRA), PT Bank Mandiri Tbk (BMRI), and PT Tower Bersama Infrastructure Tbk (TBIG) and PT Mayora Indah Tbk (MYOR) owned by conglomerate Jogi Hendra Atmadja.