JAKARTA - The Composite Stock Price Index (JCI) slightly strengthened 0.38 percent to the level of 6,638.45 at the close of last weekend, Friday 14 February. So what about the JCI movement today, Monday 17 February?
MNC Sekuritas in its research projects that the JCI movement today is prone to limited pressure with support at 6,542 and resistance at 6,698.
There are several sentiments that affect the movement of the JCI, first, investors will tend to wait and see the release of Indonesia's trade balance data.
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Second, the rupiah exchange rate and commodity prices can affect the JCI movement.
The stocks recommended by MNC Sekuritas today are PT Pantai Indah Kapuk Dua Tbk (PANI) at a target price of IDR 13,825-IDR 14,625, PT Medco Energi Internasional Tbk (MEDC) at a target price of IDR 1,095-IDR 1,155, and PT Vale Indonesia Tbk (INCO) with a target price of IDR 2,890-IDR 3,100.
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