The JCI Today Is Predicted Breaking The Highest Record Again

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (IHSG) is predicted to continue on the path of breaking the all-time high (ATH) in the early period of Ramadan, after last weekend parking at the position of 7,078.76, up 0.1 percent.

The JCI on Friday, April 1, closed slightly higher after moving lower throughout the day. The gains were driven by global stock markets, which also weakened due to the increasing tensions between Russia and Ukraine, despite discussing a previous peace agreement.

Indosurya Bersinar Sekuritas CEO William Surya Wijaya estimates that the JCI will still move in the 6.940 - 7.099 range. The JCI movement was seen again setting ATH records at the close of trading last weekend.

"Until now, the JCI movement will still tend to move up to a limited extent, but the seriousness of the increase will be seen if the JCI is able to close above the ATH level in a row," he said in his research.

Capital inflows that are still flowing, he continued, entering the Indonesian capital market also contributed to the increase in the JCI. Thus, the JCI still has the potential to strengthen in the second trade of April 2022.

Meanwhile, Indosurya Bersinar Sekuritas assessed that technically a number of interesting stocks to pay attention to, such as PT Astra International Tbk (ASII), PT Semen Indonesia Tbk (SMGR), PT Indofood CBP Sukses Makmur Tbk (ICBP), PT Bank Rakyat Indonesia Tbk (BBRI), PT Tower Together with Infrastructure Tbk (TBIG), PT Jasa Marga Tbk (JSMR), and PT AKR Corporindo Tbk (AKRA).