JCI Is Predicted To Be Weak This Early Week, BCA, Tower Bersama, And Ciputra Stocks Are Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) today, Monday, October 25, is projected to weaken despite positive sentiment from the third quarter financial performance reports from issuers.

"JCI is predicted to weaken. Although investors are quite optimistic about the impetus for the 3Q21 financial reporting season, where several issuers that have released have recorded quite good performance," said Artha Sekuritas Indonesia analyst Dennies Christopher Jordan in his daily research.

According to Dennies, JCI earlier this week moved within the support range of 6,557 and resistance at 6,697.

Meanwhile, Director of Indosurya Bersinar Sekuritas William Surya Wijaya said the index has the potential for a reasonable correction. Commodity price fluctuations will still provide sentiment for the JCI movement for some time to come.

William recommends selected stocks that can be played today, namely PT Bank Negara Indonesia Tbk (BBNI), PT Semen Indonesia Tbk (SMGR), PT Bank Central Asia Tbk (BBCA), PT Alam Sutera Realty Tbk (ASRI), PT Telkom Indonesia Tbk (TLKM), PT AKR Corporindo Tbk (AKRA), PT Tower Bersama Infrastructure Tbk (TBIG), and PT Ciputra Development Tbk (CTRA).