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ILLUSTRATION. JCI is expected to continue to weaken with today’s share recommendation from multinational Sekuritas
Reporter: Anna Suci Perwitasari | Editor: Anna Suci Perwitasari
KONTAN.CO.ID – JAKARTA. The Composite Stock Price Index (IHSG) is forecast to continue to weaken today (1/12).
MNC Sekuritas head of research Edwin Sebayang explained that JCI has the potential to weaken slightly as global stock markets are also under pressure. See, the DJIA that corrected 0.91% and EIDO fell 4.06% at the close of the previous session.
Furthermore, the prices of several commodities also weakened earlier this week. “The only product whose price has strengthened in the follow-up is coal,” he said on Tuesday (1/12).
Read also: JCI has a chance for a technical rally today, heed the following analyst recommendations
Edwin also sees that this has the potential to boost stocks in coal commodities like ITMG, ADRO, PTBA, HRUM, INDY and UNTR.
For today, it also recommended to buy in weakness (BoW) against shares of ITMG, BRIS, JSMR, ADHI, LSIP, HRUM, GGRM, BBRI, AKRA.
Edwin also assumed that JCI will move into the range of 5,560-5,648 on Tuesday (1/12) trading.
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