Jakarta, Armfalcon.com —
Price index Share combined (JCI) is expected to weaken in trading on Monday (3/4).
Yugen Bermbuh Sekuritas CEO William Surya Wijaya said the stock index is still comfortable at the consolidated level because the opportunities for short-term increases are very limited.
“However, this (weakening) momentum can still be used by investors to make accumulated purchases of stocks that have strong fundamentals with market cap big,” William said as quoted from his daily research.
He estimates that the JCI will move in the range of 6,731-6,847 today. William also recommended several stocks that could be collected, namely UNVR, ICBP, BMRI, JSMR, ITMG, ASII, BSDE.
Meanwhile, Binaartha Sekuritas analyst Ivan Rosanova sees the JCI movement today will try to strengthen after consolidating in last weekend’s trading.
“However, a decline below 6,789 will pave the way for the JCI to reach 6,744,” said Ivan.
Ivan estimates the level support JCI today will be at 6,744, 6,705 and 6,667. Meanwhile the resistance levels are at 6,872-6,901, 6,961 and 7,006.
Today, Ivan’s preferred stock is PT Bank Mandiri (Persero) Tbk/BMRI (accumulative buy), PT Harum Energy Tbk/HRUM (buy on weakness), and PT Semen Indonesia (Persero) Tbk/SMGR (buy on weakness).
JCI closed at the level of 6,805 on Friday (31/3) yesterday. The stock index fell 3.6 points or minus 0.08 percent from the previous trade.
Quoting RTI Infokom, investors made transactions of IDR 9.5 trillion with 16.28 billion shares traded. At that closing, 258 stocks rose, 271 corrected, and 187 others stagnated.
Meanwhile, the majority of sectoral indices were observed to have strengthened, six out of 11 sectors rose, led by the energy sector by 0.83 percent. While five other sectors weakened led by technology with 0.74 percent.