Tuesday's JCI is at Risk of Being Pressured by the Fed's Projection of Increasing Interest Rates

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (IHSG) is at risk of being under pressure in today's trading, Tuesday, October 31 due to the Federal Reserve's projection of further raising interest rates.

CEO of Yugen Bertumbu Sekuritas, William Surya Wijaya, said that ahead of the release of economic data in the form of inflation, which was predicted to remain at a stable level, this could support the JCI.

Meanwhile, inflation data can show the stable condition of the domestic economy.

"This can certainly be a sentiment to boost the JCI's rise, investors can take advantage of the corrective momentum considering that in the long term the JCI is still on an uptrend," he said in the research.

Today the JCI has the opportunity to be corrected in the range 6,654-6,778. The recommended stock choices are BBNI, KLBF, BBCA, BBRI, ASII, AALI, TBIG, UNVR, ICBP.

For information, the JCI was corrected 0.34 percent or 22.9 points to 6,735.89 at the close of trading Monday, October 30. The composite index moved in the range of 6,692-6,775 throughout trading, and market capitalization was recorded at IDR 10,576 trillion.