JCI Seen Strengthening Today


The Jakarta Composite Index today, Thursday (27/5), has the potential to strengthen.

Phitraco Sekuritas analyst Valdy Kurniawan said the JCI would move higher on Thursday (17/5) with resistance at 5,930, support at 5,750, and a pivot of 5,830. This strengthening is predicted to be driven by banking stocks such as BBCA, BBRI, BMRI, ARTO, and BRIS, following the decision of the Board of Governors (RDG) of Bank Indonesia (BI) to again maintain the 7-day RR Rate at the level of 3.5%.

"Thus, BI has maintained the 7-day RR Rate 3 (three) times. This indicates better economic stability. This indication is strengthened by BI's decision to maintain Indonesia's economic growth projection of 4.1% -5.1% yoy in 2021, "said Valdy in his research.

Apart from bank shares, market players can pay attention to related construction stocks such as ADHI, PTPP, WSKT, WTON, and KRAS.


Penulis : Widya