JCI Thursday Potentially Limited Corrections, Check Out The Following Stock Recommendations

Illustration (Photo: Doc. Antara)

JAKARTA - The Composite Stock Price Index (JCI) on Thursday January 4 is predicted to have limited corrections and is influenced by the movement of world commodity prices and US Manufacturing PMI data.

Previously, the Composite Stock Price Index (JCI) closed down 0.61 percent or 44.49 points to the level of 7,279.09 until the end of trading on the Indonesia Stock Exchange (IDX), on Wednesday, January 3.

CEO of PT Yugen Bertumbuh Sekuritas William Surya Wijaya in his research said that the development of the JCI movement seemed to still feel at home at the consolidation level with the potential for minor pressure that could occur.

"However, the capital inflow this week has also become a support for the JCI movement," he said in his research Wednesday, January 3.

William said that in this way the opportunity for reasonable corrections could still be used by investors to accumulate purchases, especially for strong-fundamental shares. In addition, tomorrow's trading JCI has limited potential to weaken.

He estimates the JCI on Thursday, January 4, 2024 in the range of 7,123-7,337.

Meanwhile, MNC Sekuritas analyst Herditya Wicaksana said the JCI movement was prone to correction to support at 7,245 and resistance at 7,321 on Thursday, January 4, 2024.

According to Herditya, the JCI movement will be influenced by the movement of world commodity prices.

"Added tonight there will be a release of US manufacturing PMI index data which is expected to contract and there will be a release of US employment reports," Herditya said.

Willam conveyed stocks that investors could pay attention to, namely AALI, BBNI, GGRM, BMRI, BSDE, AKRA and LSIP.

Herditya said investors can pay close attention to PT Bank Jago Tbk (ARTO) shares with a price range of Rp3,240-Rp3,360, PT Petrosea Tbk (PTRO) with a price range of Rp6,175-Rp6,300, and PT Summarecon Agung Tbk (SMRA) with a price range of Rp610-Rp630.