JCI Weekend Expected To Continue Strengthening

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to continue strengthening in today's trading, Friday, March 12, after yesterday's closing at 6,924.00 or up 0.86 percent. JCI closed higher, still supported by bargain hunting by investors after weakening in the past week.

Artha Sekuritas analyst Dennies Christopher Jorda said yesterday's increase in the JCI was also supported by the strengthening of global stock markets.

"On the other hand, investors are still anticipating a bigger impact from the Russia-Ukraine War," said Dennies, Thursday, March 10.

Dennis predicts the JCI will strengthen in today's trading. Technically, the day formation formed a higher high and a higher low with the stochastic forming a golden cross.

The move indicates a potential strengthening but volume is low enough that the strengthening is expected to be temporary.

The stocks that he recommends include PT Media Nusantara Citra Tbk (MNCN, PT PP (Persero) Tbk (PTPP), and PT Ciputra Development Tbk (CTRA).