Syailendra Capital President Director Fajar R Hidayat assesses the potential for strengthening the Jakarta Composite Index is still quite large and estimates that by the end of the year, it will be at the level of 6,900

"This year, it is predicted that the situation will improve. The vaccination program is continuing, so it is hoped that it can tame the pandemic, which will encourage the economy to increase. One indicator of economic growth is the stock market," Fajar said in Jakarta, Wednesday (14/4).

He explained, the Indonesian Stock Exchange, at its highest level, could move to the position of 7,000-7,200. He projects that this level will occur in the third quarter of 2021 before it slowly corrects and moves towards 6,900 by the end of the year.

"In the third quarter of 2021, the stock market movement will also experience changes. So far the stock market is still driven by sentiment and news alone. So, when there is a positive sentiment, the market will strengthen, and vice versa," he explained.

Fajar added that entering the second semester of 2021, stocks' fundamentals will drive the market more.

"The actual performance of the issuer so far cannot be assessed, because the full year 2020 financial statements or the first quarter of 2021 are still heavily influenced by the pandemic and the transition period. But for the second quarter of 2021 financial reports, we can see the results of the consistency of the strategies of each company in dealing with the impact of the pandemic, "he said.

Meanwhile, if investing in stocks is considered too risky, investors can try to get into mutual funds. Syailendra has prepared four mutual fund products: fixed income mutual funds, mixed mutual funds, and index mutual funds.

Syailendra Capital itself is one of the big players in the mutual fund industry. Of the total assets under management, the company is in the top 10 in the mutual fund industry.