JAKARTA - The movement of the Composite Stock Price Index (IHSG) in today's trading, Thursday, October 7, is expected to continue strengthening, after yesterday's closing up 2.06 percent to the level of 6.417.
PT Indosurya Bersinar Sekuritas analyst William Suryawijaya said the JCI in today's trading will continue the upward trend to penetrate the nearest resistance target at 6.423.
He said that the movement of the index, which is still technically rebounding, will be supported by positive sentiment related to the projection of the amount of foreign exchange reserves (cadev) which is still in a stable position. As is known, today Bank Indonesia will announce the value of the reserve until the end of September 2021.
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"Currently, the JCI still has the potential to continue its short-term increase. This is also supported by the start of a significant return of capital inflows to the capital market. Today the JCI has the potential to move in the green zone," said William.
Therefore, according to William, the JCI movement which will continue the uptrend pattern can be responded by investors by collecting shares of PT Bank Negara Indonesia Tbk (BBNI), PT Bank Central Asia Tbk (BBCA), PT Astra International Tbk (ASII), PT Unilever Indonesia Tbk ( UNVR), PT Telkom Indonesia Tbk (TLKM), and PT Jasa Marga Tbk (JSMR).
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