JAKARTA - The movement of the Composite Stock Price Index (JCI) is still at risk of weakening in today's trading, Wednesday, February 22, after experiencing a correction yesterday.
The CEO of Yugen Growing Sekuritas William Surya Wijaya said that the development of the JCI movement pattern is currently still visible in the range of sideways. However, the JCI is still overshadowed by potential reasonable corrections amid commodity price fluctuations and the rupiah exchange rate.
"The opportunity for the JCI's rise in the short to long term is still wide open considering the fundamental condition of the economy which is still quite strong from the data that has been released," William said in his research.
Therefore, said William, the opportunity for reasonable corrections can still be used by investors to accumulate purchases with the hope of capital gains in the medium to long term. William predicts HSG will move in the range of 6,852 - 6,988.
The choice of stock recommendations are GGRM, BBCA, SMGR, TLKM, BSDE, ASII, HMSP, AKRA.
JCI closed down 0.31 percent to the level of 6,873.40 in trading Tuesday, February 21. The weakening of the JCI continues amid anticipation of investors in the minutes of the Fed meeting this week.
The decline in the JCI was mainly due to the weakening of stocks in the energy sector. This sector closed trading with a correction of 0.87 percent. Then the financial sector followed with a 0.70 percent weakening and an industrial decline of 0.48 percent.
Several sectors that strengthened at the close of trading were transportation which shot up 2.31 percent, the basic industrial sector rose 0.69 percent, and the consumer cyclical sector rose 0.32 percent.weak 0.59 percent and the industry fell 0.82 percent.
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