JCI Opened Monday To Slightly Lower 1.43 Points To 4,902.65

JAKARTA - The Composite Stock Price Index (IHSG) opened lower on Monday, June 29 trading. JCI opened lower by 0.03 percent or 1.43 points to 4,902.65 levels.

Opening trades, 9 stocks rose, 33 stocks fell, and 28 stocks remained stagnant. The trading volume was recorded at 31.82 million shares and transacted for IDR 15.11 billion.

Reliance Sekuritas Indonesia analyst Lanjar Nafi said the JCI movement at the beginning of this week is technically predicted to be positive as long as it is strong above the strengthening trend line.

"We estimate the JCI will move in a consolidated manner at the beginning of next week with support and resistance at 4,835-5,010," he said.

According to him, investors will continue to rely on further monetary and fiscal support to help recover the hit economy. This week, investors will also monitor data on economic indicators at the beginning of the month, such as the PMI manufacturing performance index and inflation.

Therefore, some of the stocks that he recommends that investors look at technically include PT Aneka Tambang (Perser) Tbk (ANTM), PT Bank Danamon Indonesia Tbk (BDMN), PT Harum Energy Tbk (HRUM), PT Mitra Adiperkasa Tbk (MAPI ), PT Bukit Asam (Persero) Tbk (PTBA), and PT Unilever Indonesia Tbk (UNVR).

Likewise, PT Binaartha Parama Sekuritas analyst Muhammad Nafan Aji Gusta Utama said that the JCI movement in today's trading had the opportunity to continue the strengthening process, after last weekend it was able to stay in the green zone with a 0.15 percent increase to 4,904 levels.

"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.

So far, Nafan said, JCI still has the first and second support at 4,865 and 4,778 levels, while the first and second resistance targets are at 4,975 and 5,097 positions.