JCI Is Predicted To Weaken On Friday, These Are The Stocks Recommended By Analysts

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to continue its weakening in today's trading, Friday, May 12, amid rampant stock sales.

The CEO of Yugen Bertumbuh Sekuritas William Surya Wijaya in his research said that the JCI movement was seen returning to its natural consolidation phase after experiencing a technical rebound some time earlier.

"There is still a lack of sentiment that can encourage the JCI increase, so the JCI will still tend to move sideways for some time to come. Today the JCI is still at risk of weakening in the range of 6,726-6,878," he said.

The choice of stock recommendations is JSMR, ICBP, BMRI, PWON, KLBF, ASRI, EXCL.

Meanwhile, Samuel Sekuritas Indonesia analyst William Mamudi said the JCI formed bearish engineering. Anticipation of support tests is at the level of 6,700.

"Today, Technical Analysts like KLBF, MAPI, SMRA shares with a trading buy rating, HMSP with a trading sell rating," he explained.

Yesterday, Thursday 11 May, the JCI closed down 0.82 percent or 55.96 points to 6,755.93 after moving at its lowest all day at 6,717 and highest at 6,814.

At the end of trading yesterday, 185 stocks rose, 333 stocks in the red zone, and 212 stocks remained immovable or stagnant. Meanwhile, the JCI market capitalization was recorded at Rp9,604.26 trillion.