Jakarta, CNBC Indonesia – The Composite Stock Price Index (JCI) continues to set records. On Tuesday’s trading (5/4/2022), the JCI closed 0.45% higher to the level of 7,148.29.
Along with the strengthening of the JCI yesterday, foreign net buys amounted to Rp 603 billion in the regular market. The closing level of the JCI was the new all-time high for the benchmark index in Indonesia.
So whether the strengthening will continue? Check out the JCI predictions and stock recommendations for trading Wednesday (6/4/2022):
1. Indosurya Shining Securities
The increase in the JCI was allegedly due to an increase in capital inflows to the capital market in the short span. This shows the enthusiasm of investors for the growth of the capital market in Indonesia.
Today the JCI has the potential to strengthen. Here are the stock recommendations:
• ASII
• UNVR
AALI
• TBIG
• JSMR
• SMRA
• LSIP
• AKRA
2. NH Korindo Sekuritas Indonesia
NHKSI Research projects that the JCI will move upward with a range of 7,100 to 7,200. Here are the stock recommendations:
• MTDL
• INDY
• MEDC
• THAT
• SRTG
3. BNI Securities
JCI is still holding above 6,924, showing a bullish trend, bullish candle closing marubozu, MACD bearish divergence, overbought stochastic, closing above 7,093 (5-day MA) & dominant buying power. JCI is above 6,924 target 6,996, next 7,052 DONE/7,108 DONE/7,143 DONE/7,200/7,266.
Recommendation:
• INDY
• TINS
• ICBP
• PON
4. MNC Securities
JCI has the potential to be affected by profit taking following the fall of the DJIA Index by -0.80% after the Fed announced that it would be more aggressive in fighting inflation or raising the benchmark interest rate. The movement is predicted at the levels of 7,098 – 7,197.
Stock recommendations:
• ASII
• ADRO
• EMTK
• UNVR
• SRTG
• UNTR
• PTBA
• TBIG
• MTDL
• JPFA
• LSIP
(vap/vap)
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