TNews – Jakarta, October 18, 2023 – The Composite Stock Price Index (IHSG) in Indonesia is projected to experience a weakening trend in Wednesday’s trading session. This assessment comes from William Surya Wijaya, the CEO of Yugen Bertumbuh Sekuritas, a well-known figure in the securities market. Wijaya believes that the IHSG is currently undergoing a technical rebound after a period of reasonable consolidation. Nevertheless, he is confident that the index is likely to remain relatively flat during today’s trading session.
In a statement, William Surya Wijaya commented, “As we approach the release of economic data and with indications that the interest rate level is not expected to change, the IHSG is likely to continue reflecting the economic stability. This is anticipated to help boost the performance of the IHSG in the near future.”
Wijaya predicts that the stock index will move within a range of support at 6,789 and resistance at 6,978. He also shared his recommendations for selected stocks, which include SMGR, GGRM, JSMR, ITMG, TLKM, UNVR, BSDE, and SMRA.
