TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) has a chance to gain today. CSA Research analyst Reza Priyambada said the index`s potential is supported by yesterday`s result when it closed up.
"The JCI has a shot at continuing yesterday's appreciation, but there is also a potential for a reversal," he said in Jakarta on Friday, November 16.
Yesterday, the JCI closed with a 1.66% gain to 5,966.73. Over the past week, the index has strengthened by 1.39%.
JCI climbs amidst negative sentiments from the release of several macroeconomic data, such as the trade balance deficit and the 25-bps interest rate hike.
Reza projects the index to move between 5,895 and 5.923 today. He suggested investors watch over issuers with potentials for stock price declines. As for today's prospective shares, he mentioned ASII, UNTR, PGAS, MCAS, and WSBP.
Dias Prasongko