There Is A Spike In COVID, The JCI Could Be Weaken Again

Illustration. (photo: Doc. Antara)

JAKARTA - Stock trading on Thursday, February 3, was again under pressure. The Composite Stock Price Index (JCI) fell 0.35 percent or 23.8 points to 6.683.85.

The decline in the JCI occurred immediately after trading opened. In fact, the JCI had fallen by 0.88 percent to the level of 6.648.08.

This condition is predicted to continue in today's trading (Friday, February 4). As stated by Indo Premier Sekuritas Analyst Mino, Thursday, February 3.

"JCI is predicted to weaken again," said Mino.

Mino estimates that the JCI could move to the support level at 6.640. However, if it strengthens, the targeted resistance level is 6.720.

According to Mino, there are several sentiments that will affect the movement of the index today. Among them is the surge in COVID-19 cases which reached more than 27.000.

"The movement of commodity prices and indices on Wall Street will also have an effect," he added.

For this reason, Mino advised investors to start buying and selling shares of PT Aneka Tambang Tbk (ANTM) and PT Timah Tbk (TINS). Investors can also buy shares of PT Bank Central Asia Tbk (BBCA) and PT Bank Negara Indonesia (Persero) Tbk (BBNI) if both experience a price decline (buy on weakness).