JCI Monday 2 August Predicted To Weaker, Observe The Stock Options Menu From Analysts

Illustration. (Photo: Unsplash)

JAKARTA - The Composite Stock Price Index (JCI) is projected to move lower in today's trading, Monday, August 2. Inflation data for July 2021, which is estimated to remain in a stable and controlled condition, has not been able to boost the index rate.

PT Indosurya Bersinar Sekuritas analyst William Suryawijaya in his research said that there were economic data releases related to inflation which was estimated to be still under control. However, he said, so far the movement of the JCI is strongly influenced by the sentiment of the economic slowdown which has made the performance of issuers unable to improve quickly.

"Currently, the JCI has more potential to weaken, rather than move uphill. The support-resistance range is at the level of 6,001-6,202," said William.

Thus, he explained, the continued weakening trend in the JCI rate today could be exploited by investors by accumulating the purchase of shares of PT Telekomunikasi Indonesia Tbk (TLKM), PT Bank Negara Indonesia Tbk (BBNI), PT XL Axiata Tbk (EXCL), PT Jasa Marga Tbk. (JSMR), PT Bank Central Asia Tbk (BBCA), PT Astra International Tbk (ASII), and PT Tower Bersama Infrastructure Tbk (TBIG).

Meanwhile, according to analyst at PT Reliance Sekuritas Indonesia Tbk, Lanjar Nafi Taulat Ibrahimsyah, the JCI, which is in a weakening trend, is expected to remain stuck in the consolidation phase, with a support-resistance range at 6,008-6,096.

"Technically, the movement of the JCI will still be under pressure from the selling action. The JCI has the potential to consolidate in the next trade," said Lanjar.

Lanjar also recommended investors to collect shares of PT Astra International Tbk (ASII), PT Adaro Energy Tbk (ADRO), PT Bumi Serpong Damai Tbk (BSDE), PT Indofood CBP Sukses Makmur Tbk (ICBP), and PT Summarecon Agung Tbk (SMRA). .