JCI Monday Potential To Advance In Positive Territory

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) has the potential to advance to positive territory earlier this week, Monday, September 13.

Sekuritas CEO William Surya Wijaya said that investment interest in the Indonesian capital market is still quite large. This is reflected in capital in the capital market, which year-to-date continues to grow to more than IDR 70 trillion.

"The JCI sentiment was also added to the performance report of the issuers that had been re-released, which showed improvement," he said in his research.

William said that the JCI today has the potential to strengthen in the range of 7,123-7,299. The stocks that are recommended include HMSP, UNVR, ASRI, ASII, BSDE, PWON, BBNI, BINA, and WTON.

Meanwhile, Medan Sekuritas MNC Sequiritas Head of Equity Trading Riau Wijoyo Prasetio said that last week the JCI was able to penetrate its resistance level at the level of 7,200.

In addition, foreign net buys amounted to IDR 3.5 trillion with commodity sectors, especially coal and big banking caps as index drivers.

He said that a number of economic indicators were recorded positive with maintained inflation, especially when compared to global inflation, stable rupiah exchange, and good company financial performance.

Through this condition, mediate said that Indonesia's impact has become a foreign investor destination, which year to date (ytd) has recorded a net buy of IDR 71 trillion, and it can be said that the JCI is one of the best-performing stock indexes globally this year.

Therefore, badminton estimates that the JCI can continue its increase and can even go to its highest level in trading this week

"JCI is expected to continue its increase towards all time high at 7,355," he said.