JCI On Tuesday March 1Is Predicted To Strengthen, Check Out The Stock Recommendations

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is expected to strengthen today, Tuesday, March 1, after last week's green closing to the level of 6,888,171 or an increase of 70.351 points (1.03 percent).

Eight of the eleven sectors in the stock exchange are green. The highest gain was recorded by the transportation and logistics sector of up to 3.61 percent. After that, followed by the financial sector up to 1.84 percent and the health sector which rose 1.36 percent.

CEO of PT Indosurya Bersinar Sekuritas, William Surya Wijaya, observed that the short week that the JCI is currently going through is still unlikely to experience a significant increase.

"The potential for strengthening is still visible but has not shown a significant upward pattern," he explained in his research.

William added, ahead of the release of economic data on inflation, which is predicted to remain in a stable and controlled condition, could be one of the sentiments that supported the JCI movement in early March.

William also projects that the JCI will move in the range of 6,811-6,954 levels. The stocks that were observed today include PT Semen Indonesia Tbk (SMGR), PT Summarceon Agung Tbk (SMRA), and PT Kalbe Farma Tbk (KLBF).