Check Out JCI Predictions For Thursday, What Are The Stock Choices?
Illustration. (Photo: Doc. Antara)

JAKARTA - The movement of the Composite Stock Price Index (JCI) is predicted to be around 7,050 in today's trading, Thursday 14 December.

Investors can pay attention to a number of shares. Head of Phintraco Sekuritas Valdy Kurniawan said that the JCI is expected to fluctuate at the pivot of 7,050. JCI is at the resistance level of 7,100, pivot at 7,050 and support at 7,000.

"Selective selling in a number of technology shares and digital banks was one of the factors that put pressure on the JCI in Wednesday's trading," he said in daily research.

Valdy said that the JCI movement on Thursday is expected to reflect the response of market players to the Fed's FOMC decision. The market is speculating on potential clues to a cut in the benchmark interest rate by the Head of the Fed, Jerome Powell.

From economic data, market players anticipate China's economic data, including industrial production and fixed asset investment, as well as the realization of Indonesia's Trade Balance (NPI) in November 2023.

In line with this prediction, Valdy recommended several stocks, with a view to potential buy on support in bank stocks, especially BBCA, BBNI, BBRI and BMRI.

Alternatives outside bank shares are potential speculative buys on ANTM, MAPI, UNVR, BRIS and EMTK.


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