JCI Predicted To Strengthen Today, What Are The Preferred Stocks?

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to continue strengthening in today's trading, Thursday, March 10 after closing at 6,864.44 or up 0.73 percent yesterday.

Artha Sekuritas analyst Dennies Christopher Jordan said the JCI yesterday strengthened, supported by bargain hunting by investors after weakening in the past week.

"The movement is dominated by big-cap stocks, especially in the property, construction, and financial sectors," said Dennies in his research.

According to him, JCI will strengthen in today's trading. Where technically the candlestick forms a bullish harami indicating a potential reversal and strengthening.

"On the other hand, the movement is still overshadowed by the impact of the war between Russia and Ukraine which has the potential to push inflation beyond expectations," he said.

Furthermore, Dennies estimates that the JCI will move at support levels of 6,794 and 6,829 and resistance at 6,893 and 6,922. The stocks that are recommended by Artha Sekuritas for trading today include PT PP Tbk (PTPP), PT Media Nusantara Citra Tbk (MNCN), and PT Ciputra Development Tbk (CTRA).