JCI Opens Up To 6,291, Foreign Investors Boost Shares Of BRI, BCA, And Bank Mandiri

JAKARTA - The Jakarta Composite Index (JCI) opened higher at the start of trading this week. Monday January 11th. JCI opened higher by 33.41 points or 0.53 percent to 6,291.25.

Opening the trade, 151 stocks rose, 55 stocks fell, and 191 stocks remained unchanged. The total trading volume at the opening was recorded at 325.75 million shares with a transaction value of Rp394.97 billion.

Foreign investors recorded net purchases of IDR 346.21 billion across all markets. The stocks with the largest net purchases by foreigners were PT Bank Rakyat Indonesia Tbk (BBRI) with IDR 85.1 billion, PT Bank Central Asia Tbk (BBCA) IDR 78.6 billion and PT Bank Mandiri (Persero) Tbk (BMRI) IDR 31.9 billion.

Binaartha Sekuritas analyst, M. Nafan Aji Gusta Utama, said that the JCI movement in today's trading is expected to continue the strengthening trend, after last weekend it closed up 1.69 percent to 6,322 levels.

"JCI has support-resistance at the level of 6,157-6,322. This indicates a potential bullish continuation in the JCI movement, so that the index has the opportunity to head to the resistance level," Nafan said in his research.