JCI Opens Weakened, Pay Attention To Astra And BCA Shares

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) opened in the red zone on Thursday, September 24 trading. JCI opened lower by 0.95 percent or 46.93 points to a level of 4,871.03.

Opening the trade, 11 stocks rose, 81 stocks fell, and 15 stocks were stagnant. The trading volume at the opening was recorded at 96.67 million shares and was transacted for IDR 68.53 billion.

JCI rate in today's trading has the opportunity to reverse direction to the green zone, after yesterday ending again in negative territory with a weakening of 0.33 percent to the level of 4,917.

"Technically, it indicates a potential strengthening in the JCI movement, so that the index has the opportunity to go to the closest resistance level," said Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama, in his research.

Currently, he said, JCI has the first and second support at the level of 4,865 and 4,778, while the first and second resistance targets are at 4,975 and 5,097 positions.

Furthermore, Nafan suggested that the potential for a rebound in today's JCI movement could be utilized by investors by accumulating the purchase of shares of PT Astra International Tbk (ASII), PT Bank Central Asia Tbk (BBCA), PT Bank Negara Indonesia Tbk (BBNI), PT Perusahaan Gas Negara Tbk (PGAS), and PT Summarecon Agung Tbk (SMRA).

A similar estimate was conveyed by Reliance Sekuritas analyst, Lanjar Nafi, who said the JCI movement today will turn to the green zone to aim for the 4,990 resistance target.

"Technically, JCI has the potential to enter the green zone in the next trade, with support-resistance at 4,870-4,990 levels," he said.

Thus, he explained, the JCI movement that would return to positive territory could be responded to by investors by collecting shares of PT ACE Hardware Indonesia Tbk (ACES), PT Adaro Energy Tbk (ADRO), PT Bank Central Asia Tbk (BBCA), PT Indika Energy. Tbk (INDY), PT Jasa Marga Tbk (JSMR), PT Kalbe Farma Tbk (KLBF), and PT Mitra Adiperkasa Tbk (MAPI).