JCI On Friday Opened Slightly Lower 1.34 Points To 4,915.36 Levels

JAKARTA - The Jakarta Composite Index (JCI) opened lower on Friday, June 5 trading. JCI closed down 0.03 percent or 1.34 points to 4,915.36.

Opening trades, 37 stocks rose, 13 stocks fell, and 28 stocks were stagnant. The trading volume was recorded at 9.54 million shares and transacted for IDR 4.84 billion.

Reliance Sekuritas Indonesia analyst Lanjar Nafi said today the JCI would weaken based on his analysis. In his opinion, JCI will move in the support and resistance ranges in the range of 4,835 to 4,960.

"Furthermore, the sentiment at the weekend will determine the movement of global equities which is overshadowed by profit taking after strengthening which tends to be optimistic," he said.

Lanjar's preferred stocks that investors can still observe include PT Adhi Karya (Persero) Tbk (ADHI), PT Vale Indonesia Tbk (INCO), PT London Sumatra Indonesia (LSIP), PT Mitra Adiperkasa (MAPI), PT Medco Energi Internasional (MEDC), PT Salim Ivomas Pratama (SIMP), PT Solusi Bangun Indonesia (SMCB), and PT Tower Bersama Infrastructure (TBIG).

Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama also thinks that today's JCI will be corrected. "The potential for correction is reasonable in the JCI movement so that it has the opportunity to go to the support area," he said.

Based on technical analysis, the support area is in the range of 4,865 to 4,778. Meanwhile, the resistance area is predicted to be in the range of 4,975 to 5,097 levels.

As for a number of share recommendations that can be considered by investors, including PT Astra Agro Lestari (AALI), PT Indika Energy (INDY), PT Indah Kiat Pulp and Paper (INKP), PT PP (Persero) Tbk (PTPP), and PT Waskita Precast Concrete (WSBP).