JCI Predicted To Turn Up, These Are 8 Stock Recommendations From Analysts

Illustration. (Photo: Unsplash)

JAKARTA - The Composite Stock Price Index (IHSG) fell 0.15 percent or 9.058 points to a level of 6,104.32 at the end of trading last Friday, December 18. However, Binaartha Sekuritas analyst Muhammad Nafan Aji Gusta Utama said the JCI would move higher on Monday, December 21.

The support and resistance levels are at the level of 6,009.10 to 6.15.11. According to him, there is potential for strengthening in the JCI movement so that it has the opportunity to go to the nearest resistance.

The supporting sentiment of the JCI, Nafan said, was still the same as last week, namely the market still appreciated the government's commitment in maintaining the stability of domestic macroeconomic fundamentals that were inclusive and sustainable.

Second, the market also appreciates Bank Indonesia's commitment to optimally implement quantitative easing policies in order to increase liquidity.

"The news regarding the COVID-19 vaccination policy by the government is still a catalyst for the JCI movement," Nafan said in his research.

Globally, the Fed's commitment to optimally implement quantitative easing (QE) policies in order to boost purchasing power can provide energy for the JCI movement. There are a number of share recommendations that investors can consider, including:

1. PT Alam Sutera Realty Tbk (ASRI)

2. PT Bank Negara Indonesia (Persero) Tbk (BBNI)

3. PT Bank Rakyat Indonesia (Persero) Tbk (BBRI)

4. PT Elnusa Tbk (ELSA)

5. PT Indofood Sukses Makmur Tbk (INDF)

6. PT Indah Kiat Pulp & Paper Tbk (INKP)

7. PT Tower Bersama Infrastructure Tbk (TBIG)

8. PT Sarana Menara Nusantara Tbk (TOWR)