Jakarta Composite Index (JCI) is estimated to move higher. However, profit taking actions still shadow the index movement. This is stock recommendation provided by Bisnis Indonesia today:
The JCI today may move within the range of 4,084-4,160 with uptrend possibility. Several stocks to watch are JPFA, BJBR, and UNTR. The index yesterday inched up 1.12% to 4,132 with a total transaction of Rp6.2 trillion.
The index today may swing in the range of 4,090-4,168. However, it is still shadowed by profit taking actions. Stocks to watch: BJBR, BMRI, and INDF.
The sentiment of first half financial result remains the catalyst for stocks movement which will further determine the JCI. The momentum will spur the index to achieve a basic support level of 4,080. Several stocks to monitor: ASII, BBCA, UNTR, and MAPI.
Disclosure: No position at the stock mentioned above.
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