Jakarta Composite Index (JCI) Opened Strengthening To 5,524.62 Tuesday, This Is The Stock Option Menu For Analysts

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Composite Stock Price Index (IHSG) was opened in green zina on trading Tuesday, November 17. JCI opened higher by 0.54 percent or 29.74 points to the level of 5,524.62.

Opening the trade, 137 stocks rose, 20 stocks fell, and 84 stocks were stagnant. The trading volume was recorded at 204.59 million shares with a transaction value of Rp.209.93 billion.

JCI movement in today's trading is expected to continue the upward trend, after yesterday being able to stay in the green zone with a gain of 0.62 percent to the level of 5,494.

PT Binaartha Parama Sekuritas analyst, Muhammad Nafan Aji Gusta Utama said, the support-resistance range owned by the JCI is in the position of 5,381-5,529.

"Technically, it indicates a potential strengthening in the JCI movement, so that the index has the opportunity to go to the nearest resistance level," Nafan said in his research.

So, continued Nafan, the opportunity for a further increase in the JCI rate today could be exploited by investors by accumulating the purchase of shares of PT Astra Agro Lestari Tbk (AALI), PT Bank Pembangunan Jawa Barat and Banten Tbk (BJBR), PT Bank Mandiri Tbk (BMRI), PT Barito Pacific Tbk (BRPT), and PT Surya Semesta Internusa Tbk (SSIA).

Meanwhile, according to the analyst of PT Reliance Sekuritas Indonesia Tbk (RELI), Lanjar Nafi Taulat Ibrahimsyah, the JCI today tends to be heavy to maintain the upward pattern.

"Technically, he said, IHSG gave a signal of saturation in its short-term positive trend. We estimate that JCI will tend to move heavily, with support-resistance of 5,450-5,527," said Lanjar.