JCI Is Projected To Strengthen On Friday, Check Out Stock Recommendations

Illustration. (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) is expected to strengthen in today's trading, Friday, November 10.

"It looks like it will still strengthen because technical indicators are still strong and index can continue the technical rebound," said Research Analyst Infovesta Kapital Advisory Arjun Ajwan, in his research.

The sentiment is the existence of a speech by the Fed. According to him, the message from the Fed's speech will be seen as not too hawkish by the market because it has seen how the impact of high interest rates on the US economy and other countries in the world can be seen.

According to him, this is also one of the reasons the global economy has experienced a slowdown even though the global economy is still strong enough and growing.

For stock choice, Arjun recommends buying Bank Rakyat Indonesia (BBRI) with a target price of IDR 5,750, Bank Mandiri Indonesia (BMRI) with a target price of IDR 6,300, Bank Central Asia (BBCA) with a target price of IDR 9,400 and Bank Negara Indonesia (BBNI) with a target price of 5,200.