JAKARTA - The Jakarta Composite Index (JCI) opened higher on trading Wednesday, November 4. JCI opened up 0.33 percent or 16.99 points to 5,176.44 levels.
Opening the trade, 111 stocks rose, 11 stocks weakened, and 56 stocks weakened. The trading volume was recorded at 151.33 million shares with a transaction value of IDR 104.73 billion.
JCI movement in today's trading is expected to continue the upward pattern, after yesterday was able to turn into the green zone and closed up 0.87 percent to the level of 5,159.
"Technically, it indicates the potential for further strengthening in the JCI movement, so that the index has the opportunity to go to the nearest resistance level," said PT Binaartha Parama Sekuritas analyst Muhammad Nafan Aji Gusta Utama in his research.
The potential for further strengthening of the JCI today, according to him, could be exploited by investors by considering the purchase of shares of PT AKR Corporindo Tbk (AKRA), PT Bank Negara Indonesia Tbk (BBNI), PT Bank CIMB Niaga Tbk (BNGA), and PT Perusahaan Gas Negara Tbk ( PGAS).
A similar estimate was made by PT Reliance Sekuritas Indonesia Tbk (RELI) analyst, Lanjar Nafi Taulat Ibrahimsyah. He said that technically, the JCI is trying to reach the resistance target at the level of 5,300.
"So, we estimate the JCI has the potential to bounce back in the next trade, with support-resistance at the level of 5,133-5,188," said Lanjar.
So, in the midst of the potential for further strengthening of the JCI today, Lanjar is offering a number of shares that can be observed by market players, namely PT Adhi Karya Tbk (ADHI), PT Adaro Energy Tbk (ADRO), PT HM Sampoerna Tbk (HMSP), PT Indofood Sukses Makmur Tbk (INDF), PT Bukit Asam Tbk (PTBA), PT Japfa Comfeed Tbk (JPFA), and PT Jasa Marga Tbk (JSMR).
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