JCI Thursday Has A Slight Chance To Strengthen

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (IHSG) in today's trading, Thursday, September 30, has the opportunity to continue the upward process even though it is thin, after yesterday closing up 0.81 percent to the level of 6,162.

According to PT Pilarmas Investindo Sekuritas analyst Maximilianus Nico Demus, the JCI still has the potential to move higher towards the area above 6,200.

"Based on technical analysis, we see that the JCI has the opportunity to move higher and trade in the range of 6,118-6,218," Nico said in his research.

He considered that the statement by the Governor of the Federal Reserve, Jerome Powell, and a number of high-ranking central bank officials related to caution on the inflation rate became a positive sentiment for market participants, considering that currently the inflation rate is starting to increase due to supply chain disruptions amid high demand.

Meanwhile, domestic sentiment is on the government's plan to export 300 megawatts of electrical energy through a 400 kilovolt underwater transmission to Southeast Asia. Later, the electricity to be exported will be sourced from new and renewable energy.

For today's trading, Nico conveyed that Pilarmas Investindo Sekuritas recommended investors to consider the accumulation of stock purchases of PT Alam Sutera Realty (ASRI) and PT Blue Bird Tbk (BIRD).