JCI Predicted Monday In The Green Zone Driven By Positive Indonesian Economic Data

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to be in the green zone in today's trading, Monday, August 22. in the midst of the Bank Indonesia Board of Governors Meeting (RDG) which will take place from 22-23 August 2022.

JCI strengthened by 0.61 percent to 7,172.43 last week, from 7,129,277 in the previous week. Meanwhile, Bank Indonesia recorded that as much as Rp3.01 trillion of foreign capital entered the Indonesian financial market during August 15-18, 2022, both into Government Securities (SBN) and the stock market.

CEO of Yugen Growing Sekuritas William Surya Wijaya explained that the JCI is currently still in the range of reasonable consolidation. The factor of the return to the movement of the economy as reflected in the release of economic data shows that in the long term, the JCI will continue to increase.

"JCI will be driven by the good performance of issuers and investor interest which is reflected through capital inflows," he explained in daily research.

William predicts that today the JCI has the potential to strengthen in the range of 7002 – 7223. The stocks to watch are JSMR, TLKM, HMSP, KLBF, UNVR, ICBP, ASRI, PWON, and BBCA.