JCI Seen to Continue Rising Today


The Jakarta Composite Index (JCI) on Tuesday (2/3) is predicted to continue strengthening.

On Monday, market capitalization reached Rp7,496.29 trillion, with total transactions recorded at  Rp13.98 trillion. Foreign investors recorded a net buying action with a net foreign buy value of Rp65.95 billion in all markets.

CEO of PT Indosurya Bersinar Sekuritas, William Surya Wijaya, said that domestic news sentiment over several stimuli supporting the Indonesian economy may still linger, influencing the JCI movement pattern.
"The stable condition of the Indonesian economy, which was reflected from the recent published data will also lend support for the increase in the JCI," he said in his research.

If the JCI can be maintained above the nearest resistance level, it has the potential to continue its short-term gains. JCI has the potential to move higher in the range 6,202 - 6,378.

Meanwhile, stocks that investors can consider BBCA, PWON, ASII, BBNI, SMRA, KLBF, and JSMR.



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