There Is A Potential Strengthening Of The JCI Continued, This Is A Stock Recommendation Wednesday

Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is projected to continue to strengthen in today's trading, Wednesday, September 20, after yesterday's increase of 44.23 points or 0.64 percent to the level of 6,980.32.

Phintraco Sekuritas in his research said that technically MACD and Stochastic RSI tend to move up after forming a golden cross. However, the potential for further strengthening of the JCI is overshadowed by a decrease in transaction volume on Tuesday.

This is thought to have occurred due to the impact of the trend of waiting and seeing market players on the results of the FOMC meeting on September 20, 2023 and RDG BI on September 21, 2023.

"Both are believed to maintain the benchmark interest rate at the current level. However, market participants are looking forward to instructions regarding economic outlooks and future monetary policy directions," explained the research of Phintraco Sekuritas.

The recommended stocks include PT Astra International Tbk (ASII), PT Merdeka Copper Gold Tbk (MDKA), PT Telkom Indonesia (Persero) Tbk (TLKM) and PT Unilever Indonesia Tbk (UNVR), and speculative buy shares in the shares of PT Indofood Sukses Makmur Tbk (INDF), BTPS and PT Bank Tabungan Negara Tbk (BBTN).