JCI Is Projected To Be Able To Maintain Rebound Opportunities On Wednesday, These Three Stocks Are Recommended

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is projected to be able to rebound today, Wednesday, September 13, after closing down 0.42 percent or 29.42 points to 6,933.96 yesterday.

In his research, Phintraco Sekuritas said that the JCI was corrected on Tuesday but was still above the MA20 in the range of 6,930.

"If you can stay above MA2O, the JCI will maintain limited rebound opportunities to the range of 6,950-6,960 on Wednesday," explained Pintraco Sekuritas research.

Technically, the Stochastic RSI indicates an oversold in the JCI. Despite these technical factors, the JCI movement this week is overshadowed by the anticipation of a number of important economic data.

From external, US inflation is expected to rise to 3.6 percent Year on Year (YoY) in August 2023 from 3.2 percent YoY in July 2023. The increase in inflation has again sparked speculation of the Fed Rate's rise at FOMC November 2023.

Regarding monetary policy, the Fed is scheduled to release the results of the FOMC on September 20, 2023, and the ECB is scheduled for release on September 14, 2023.

From within the country, market participants anticipate a decrease in export and import value in August 2023 which is estimated to be deeper than the decline in July 2023.

The stocks recommended by Phintraco Sekuritas include PT Barito Pacific Tbk (BRPT), as well as potential rebounds in PT AKR Corporindo Tbk (AKRA), and PT Dharma Satya Nusantara Tbk (DSNG).