Jakarta - The Jakarta Composite Index (JCI) on Wednesday (8/24) has the potential to continue strengthening in line with the positive market response to the decision of Bank Indonesia (BI) to raise its benchmark interest rate by 25 basis points (bps).

"After the release of economic data on interest rates showing an increase in the JCI, the good performance of issuers in the second quarter of 2022 was also one of the factors driving the increase in the JCI," said CEO of PT Yugen Bertumbuh Sekuritas, William Suryawijaya, quoted in his research note in Jakarta.

On the other hand, investor interest is also reflected in the flow of foreign investment funds that continues to grow year to date in the Indonesian capital market.

The JCI in today's trading is estimated to move in the support range of 7,002 and resistance at 7,223.

The stocks that deserve attention in today's trading include BBCA, UNVR, PWON, INDF, SMGR, TLKM, and ASII.