JCI Falls Below 4,000, See Stock Recommendations From Analysts

JAKARTA - The "official" Composite Stock Price Index (IHSG) left the 4,000 level on Friday morning March 20 trading. JCI fell 2.92 percent or 119.81 points to a level of 3,985.61.

This morning, as many as 378 stocks were observed to have weakened, 46 were higher, and 262 were stagnant. Reliance Sekuritas analyst Lanjar Nafi said the pressure on the JCI would continue today. The index is expected to move within the support and resistance range between 3,950 and 4,200.

"Investors are still looking for temporary shelter and question the effectiveness of a series of economic and financial support measures for global policymakers," he said in his research.

The stocks he recommended include PT Akra Corporindo Tbk (AKRA), PT Bank Central Asia Tbk (BBCA), PT Bank CIMB Niaga Tbk (BNGA), PT Bank Mandiri Tbk (BMRI), PT Indofood CBP Sukses Makmur (ICBP) , PT Telekomunikasi Indonesia (Persero) Tbk (TLKM), and PT Unilever Indonesia Tbk (UNVR).

This morning, the stocks that entered the top gainers, namely shares of PT Lancartama Sejati Tbk (TAMA) rose IDR 8 or 4.23 percent to IDR 197, shares of PT Diamond Citra Propertindo Tbk (DADA) rose IDR 12 or 4.14 percent to IDR 302, and shares PT Campina Ice Cream Industry Tbk (CAMP) increased by IDR 5 or 3.47 percent to IDR 149.

As for the stocks that entered the top losers, among others, the shares of PT Astra International Tbk (ASII) fell IDR 270 or 6.99 percent to IDR 3,590, shares of PT Bank Negara Indonesia (Persero) Tbk (BBN) fell IDR 270 or 6.91 percent to IDR 3,640, and shares of PT Bank Mandiri (Persero) Tbk (BMRI) fell IDR 330 or 6.89 percent to IDR 4,460.