This Is The Prediction Of JCI Movement Monday, 8 Stocks Are Recommended

JAKARTA - The Composite Stock Price Index (JCI) weakened 0.6 percent to 6,895.44 on Friday 25 trading August. However, within a week the JCI strengthened 0.52 percent.

Phintraco Sekuritas in his research said the JCI would still consolidate in the range of 6,880 pivots in Monday's trading.

"If you stay in the pivot 6,880, the JCI has the potential for a technical rebound to around 6,900 on Monday. On the other hand, if it breaks down 6,880, the JCI has the potential to continue weakening and support tests of 6,830-6,850," explained the research. Phintraco Sekuritas.

Market participants are expected to respond to the speech of the Head of the Fed, Jerome Powell on Friday, August 25 evening WIB awaiting FOMC September 2023 instructions and the Fed's views on the US economic outlook following credit ratings cuts by a number of rating agencies.

Still from the US, data on US economic growth in the second quarter of 2023, August 30, can be validated from the Fed's view on the US economic outlook. Domestically, market participants pay close attention to inflation data and the manufacturing index in August 2023, September 1. Inflation is expected to increase, but is believed to have not disrupted domestic financial stability.

The eight recommended shares include PT Bank Central Asia Tbk (BBCA), PT Bank Rakyat Indonesia Tbk (BBRI), PT Pertamina Geothermal Energy Tbk (PGEO), PT Dayamitra Telekomunikasi Tbk (MTEL), PT Jasa Marga Tbk (JSMR), Pt Indocement Tunggal Prakarsa Tbk (INTP), PT Panin Financial Tbk (PNLF) and PT Paper Factory Tjiwi Kimia Tbk (TKIM).