JCI Is Expected To Strengthen On Thursday, Investors Will Observe Bank Indonesia's RDG Results

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to strengthen to its highest level again in today's trading, Thursday, February 10 after yesterday touching its highest level of 6,834.61 alias rose 0.66 percent or 45.08 points.

Artha Sekuritas analyst Dennies Christopher Jordan said that the JCI rose yesterday following the strengthening of the US stock market, although there are still many uncertainties.

"The JCI from within the country is also still overshadowed by the daily high number of new COVID-19 cases," Dennies said in his research.

As for today's trading, Dennis predicts the JCI will strengthen. He explained that technically the JCI movement is still in a strengthening trend.

Dennis said that investors will pay close attention to the results of the Board of Governors' Meeting (RDG) by Bank Indonesia and the determination of interest rates.

"Movements from within the country are still overshadowed by the daily high number of COVID-19 cases, which has the potential to hamper the economy if it continues to rise," he added.

Artha Sekuritas estimates that JCI will move with support at 6,806 and 6,779 and resistance at 6,850 and 6,867. A number of stocks to watch include PT Bumi Serpong Damai Tbk (BSDE), PT Media Nusantara Citra Tbk (MNCN), and PT Bank Central Asia Tbk (BBCA).