The JCI is predicted to strengthen tomorrow, driven by the decision of Bank Indonesia’s benchmark interest rate

ILLUSTRATION. JCI is expected to strengthen with the 5,600 area as a resistance level with support at 5,460.

Reporter: The first is blessed | Editor: Wahyu T. Rahmawati

KONTAN.CO.ID – JAKARTA. The Composite Stock Price Index (IHSG) on Wednesday (18/11) closed again at the level of 5,557, although the movement of global stock markets tends to be corrected. JCI movement today led by the mining and financial sectors.

MNC Sekuritas analyst Herditya Wicaksono said the strengthening of the JCI could continue on Thursday (19/11) trade with the return of foreign funds (inflow) to IHSG.

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“On the other hand, technically we still estimate there is a chance for the JCI to strengthen. However, we can pay attention to the opportunity to strengthen the JCI because it is relatively limited, at least to test the 5,600 area first,” Didit said, Wednesday (18/11).

For tomorrow, the JCI is expected to strengthen with the 5,600 area as a level resistance with support 5,460. This is also in line with the release of the Bank Indonesia (BI) benchmark interest rate, which is expected to remain at the 4% level.

For recommended stocks, market players can look at stocks BBKP, BFIN, and TINS.

Also Read: The JCI is predicted to continue strengthening on Thursday (19/11)