JAKARTA - The Composite Stock Price Index (JCI) has the opportunity to rebound in today's trading, Wednesday, November 12, after closing down 0.29 percent yesterday to the level of 8,366.52.
MNC Sekuritas in his research said that the weakening of the JCI yesterday was in line with foreign sales in large banking stocks (big banks) and the taking of profits in commodity sector shares.
"The JCI's correction is still within reasonable limits. For Wednesday, the JCI has the opportunity to strengthen in the short term with support at 8,332 and resistance at 8,394," explained MNC Sekuritas.
Furthermore, the JCI movement will be influenced by the rupiah exchange rate and the potential for profit-taking after the JCI had scored a new all-time high (ATH).
According to MNC Sekuritasm, a number of interesting stocks have been observed, including ANTM, INDY, and BRPT.
Meanwhile, research by Korea Investment & Sekuritas Indonesia, assessed that the positive catalyst for the JCI today still came from the stable rupiah exchange rate and foreign net buy trends.
BACA JUGA:
"JCI is still in the consolidation phase with strong support at 8,200 and resistance at 8,400. Technically, it still has the potential to rebound in the short term," he explained.
The consumer goods, real estate, and telecommunications sectors are still prospective, with appropriate shares including BBCA, BREN, BUMI, AMRT, TLKM, UNTR, and ANTM.
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