Terrible! JCI Prints Record Highest Closing Level In History

Illustration. (Doc. Between)

JAKARTA - The Indonesian stock market is booming. One of the indicators is the Composite Stock Price Index (JCI), which recorded the highest closing level in history.

Closing trading Friday, February 4, the JCI rose 0.71 percent or 47.54 points to a level of 6,731.39. This is the highest level in history after the previous closing high occurred on November 19, 2021 trading at 6,720.26.

Throughout today's trading, the JCI was actually still moving sideways and almost experienced a decline when closing the series I trade.

However, entering the second trading session, the JCI began to bounce up and down before finally reaching the highest closing level in history.

This record was predicted by analysts. One of them is Panin Securities analyst William Hartanto JCI who has predicted the JCI has the potential to strengthen due to positive catalysts from foreign investors' net buys.

William even estimated that the JCI could penetrate the level of 6,754 or the highest level ever achieved by the IHSG intraday.

Likewise BNI Sekuritas analyst Andri Zakarias Siregar. Andri has predicted that the JCI will stay above 6,580, indicating that the trend is still bullish. In fact, as long as it is above 6,580, the JCI could touch the level of 6,754.