JCI Monday Has The Opportunity To Continue Strengthening, These Are The Stock Options

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (IHSG) is expected to strengthen in trading earlier this week, Monday, June 27, after closing at 7,042.93 last week or up 0.62 percent.

Throughout this week, the JCI has strengthened by 1.53 percent from the level of 6,936,967 at the close of the previous week. Foreign investors on Friday's trading recorded a net selling value or net sell of Rp1.084 trillion and throughout 2022 foreign investors recorded a net purchase or net buy of Rp65.028 trillion.

Yugen Bertumbuh Sekuritas CEO William Surya Wijaya said the JCI still has the opportunity to continue its long-term strengthening, starting trading in the last week of June 2022, as well as the last week of the first semester of 2022.

"(This is) considering that the capital inflow recorded year to date (ytd) is still above 60 T, it shows that investor interest is still large enough to invest in the Indonesian capital market," William said in his research.

Today, William estimates that the JCI has the potential to strengthen and move within the range of 6,921 - 7,074. William recommends a number of stocks that can be observed in today's trading, including ICBP, TBIG, INDF, UNVR, BBCA, HMSP, TLKM, SMRA, ASRI, and PWON.