chicago2016mwglite.com - Composite Stock Price Index (CSPI) is likely to strengthen on Friday's stock trading this week. The bullish continuation trend is still visible in JCI.
PT Binaartha Parama Securities analyst Muhammad Nafan Aji predicts JCI to show strength in the movement of stock indices.
"IHSG still shows the bullish continuation trend in stock price movement, JCI is at 5,790-6,032," he said in Jakarta, Friday (05/25/2018).
Analyst PT Indosurya Bersinar Sekuritas William Suryawijaya also predicted the strengthening in JCI. The rupiah exchange rate against the USD broke Rp 14,204 influenced the JCI.
"The fluctuation in commodity prices and the movement of the rupiah against the USD and the fundamental condition of the economy will hamper the rate of IHSG," he said.
William mentioned JCI today potentially strengthened. "IHSG today is likely to strengthen at the level of 5,789-6,002," he said.
In line with William, an analyst of PT Reliance Sekuritas Indonesia Lanjar Nafi also said JCI is still continuing strengthening. JCI will be at a vulnerable 5,876 to 6,000.
For shares of recommendation, Nafan Aji chose PT Bank Pembangunan Jawa Barat Tbk (BJBR), PT Sentul City Tbk (BKSL), PT Garuda Indonesia Tbk (GIAA), PT Indocement Tunggal Prakarsa Tbk (INTP) and PT Semen Indonesia Tbk SMGR).
While William recommends PT Adhi Karya (Persero) Tbk (ADHI), PT Sri Rejeki Isman Tbk (SRIL), PT Bank Negara Indonesia Tbk (BBNI), PT Wijaya Karya (Persero) Tbk (WIKA) and PT Telekomunikasi Indonesia Tbk TLKM).
He also selected PT Hanjaya Mandala Sampoerna Tbk (HMSP), PT Indofood CBP Sukses Makmur Tbk (ICBP), PT Bank Pembangunan Daerah Jawa Timur Tbk (BJTM) and PT Pakuwon Jati Tbk (PWON).
Meanwhile, Lanjar Nafi recommended the shares of PT Bank Rakyat Indonesia Tbk (BBRI), PT Unilever Indonesia Tbk (UNVR), PT Kalbe Farma Tbk (KLBF), PT Mitra Adiperkasa Tbk (MAPI), PT Bank Tabungan Negara Tbk (BBTN) PT Charoen Pokphand Indonesia Tbk (CPIN).
