JCI Predicted Green Ahead of Issuer’s Performance Release

Jakarta, CNN Indonesia —

Price Index Share Combined (IHSG) is predicted to strengthen on Wednesday (27/10).

Artha Sekuritas Indonesia analyst Dennies Christopher Jordan projects that the release of issuers’ performance on the stock exchange will boost the index. Meanwhile, the US central bank’s monetary tightening policy (tapering) is no longer a worrying issue for investors.

“JCI is predicted to strengthen. The index is moving in a trend bullish and will test resistance all time high. The movement will be driven by the release of the issuer’s performance in the third quarter of 2021,” said Dennies as quoted from his daily research.

He projects the stock index to move in the range support 6616 dan resistance 6.700.

Director of Indosurya Bersinar Sekuritas William Surya Wijaya said the increase in the JCI was supported by capital inflow which seems to be starting to return to the capital market.

He predicts the JCI will advance in the range support 6,472 dan resistance 6.691 There are also stocks of choice, namely ASII, ITMG, UNVR, BBRI, LSPI, TLKM, and CTRA.

In the previous trading, Tuesday (26/10), JCI strengthened to 6,656 or rose 31.24 points or rose 0.47 percent. Foreign market participants recorded a net buy in all markets of IDR 773 billion.

[Gambas:Video CNN]

(fry / sfr)

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