JCI Tuesday Menguat Ke Level 6,900, Empat Saham Bank Dikomendasikan

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is projected to climb to the level of 6,900 in today's trading, Tuesday 18 February. Phintraco Sekuritas in its research estimates that the JCI will move in the resistance range of 6,900, pivot 6,700, and support 6,550 today.

Phintraco Sekuritas said the JCI strengthened nearly 3 percent to around 6,830 on Monday. This strengthening was supported by the strengthening of the majority of blue chip shares, especially large-capalyzed banks and a small part of the shares of conglomerate issuers.

"Strengthening the prices of these banks, one of which was triggered by the plan to implement a buyback by BBRI and BMRI. The JCI today has the opportunity to test resistance at the level of 6,900," wrote Phintraco Sekuritas.

Phintraco Sekuritas said other positive sentiments stemmed from market anticipation of the potential announcement of the distribution of final dividends for the 2024 financial year.

"Generally, issuers have started announcing the schedule for the distribution of final dividends in the March-April range," said Phintraco Sekuritas.

With the current JCI position, dividend yield, especially on stocks historically included in the high dividend group, becomes more attractive.

However, Phintraco Sekuritas said economic data was unsatisfactory. The realization of import growth (4.68 percent yoy) and exports (-2.67 percent yoy) in January 2025 was far below expectations.

"Even slower than the realization in December 2024," explained Phintraco Sekuritas.

Phintraco Sekuritas recommends four bank shares in today's trading, namely BRIS, BBRI, BBNI, and BBCA.