A week ahead of the election, the JCI is still potentially green

QUX.ME, JAKARTA - The movement of the Composite Stock Price Index (CSPI) at the end of trading on Friday (12/4/2019) is predicted to still have a chance to strengthen, after closing as much as 68.16 points or 1.05 percent to 6,410 yesterday.

Analyst of Indosurya Bersinar Sekuritas, William Surya Wijaya said, a week ahead of the political event on April 17, the JCI still has the potential to strengthen.

"The JCI is still seen as moving in a consolidated manner with the opportunity to strengthen significantly," William said in his daily research on Friday (04/12/2019).

According to him, the capital inflow will still be seen and continue for some time to come. This shows that the interest of foreign investors in the Indonesian capital market is still quite large.

In addition, the release of economic data by the Central Statistics Agency (BPS) on two-wheeled sales will also provide color to the JCI movement pattern.

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"Today the strong potential will still be seen in the JCI movement with a range of 6,402 - 6,585," he said.

The following is a menu of recommended shares by William: PT Astra International Tbk (ASII), PP London Sumatra Indonesia Tbk (LSIP), PT Wijaya Karya (Persero) Tbk (WIKA), PT HM Sampoerna Tbk (HMSP), PT Telekomunikasi Indonesia (Persero) Tbk (TLKM), PT XL Axiata Tbk (EXCL), PT Nippon Indosari Corpindo Tbk (ROTI), PT Mayora Indah Tbk (MYOR), PT Gudang Garam Tbk (GGRM), and PT Bank Central Asia Tbk (BBCA).