JCI Tuesday Predicted To Strengthen Again Despite Demos Against Rising Fuel Prices

JAKARTA - The movement of the Composite Stock Price Index (JCI) today, Tuesday, September 6, has the potential to be in the range between 7,123 to 7,278 despite demonstrations against the increase in fuel prices.

The Yugen Bertumbuh Sekuritas research team stated that currently, the JCI is still showing a fairly normal movement pattern with a limited tendency to be depressed.

They see the opportunity for an increase in the medium and long term is still quite large so that the correction momentum can still be used to make accumulated purchases, today the JCI has the potential to be depressed.

The stock recommendations from Yugen Bertumbuh Sekuritas today are HMSP, UNVR, BBCA and BBNI.

Yesterday, JCI closed at 7,238.91 or up 62.73 points. Throughout today's trading, the JCI moved in the green zone at the range of 7,147.97-7,245.4.

At the close of trading, it was recorded that 269 stocks rose, 253 stocks weakened, and 178 stocks remained stagnant or did not record any changes. Market capitalization is above IDR 9,474.826 trillion.

Bank Shares to Telcos are Recommended

Energy sector stocks carried the JCI soaring in today's trading, shares of PT Medco Energi Internasional Tbk. (MEDC) was the highest, rising 10.73 percent or 95 points to 980.

Next, back to PT Bumi Resources Tbk. (BUMI) recorded a 10.67 percent increase in share price to a level of 197. BUMI is also the most actively traded stock with a value of IDR 1.6 trillion.

Shares of PT Adaro Energy Indonesia Tbk. (ADRO) also recorded an increase of 6.61 percent to 4,030 with transaction volume reaching IDR 759.9 billion.

Large capitalization stocks also turned green, such as BBRI, BBCA, TLKM, ITMG and PTBA which rose 3.15 percent, 0.61 percent, 0.43 percent, 5.13 percent and 4.46 percent, respectively.