JCI On Tuesday Closed Slightly Higher 0.11 Percent To 4,907.11 Levels

JAKARTA - The Jakarta Composite Index (JCI) closed higher on trading Tuesday, June 30. JCI closed up 0.11 percent or 5.29 points to 4,907.11 levels.

In closing the trade, 178 stocks rose, 231 shares fell, and 149 shares were stagnant. The trading volume was recorded at 8.23 billion shares and was traded worth IDR6.91 trillion.

Binaartha Sekuritas analyst, M. Nafan Aji Gustama said the market received positive appreciation from the increase in the performance of PMI manufacturing and non-manufacturing from China.

"On the other hand, at the end of the month, there was also a phenomenon of window dressing or the company's strategy to beautify its financial statements," Nafan explained to VOI.

However, there are global macroeconomic data, in the form of UK GDP which experienced minus 2.2 percent, causing concern that there is a potential for a slowdown in global economic growth, as well as the threat of a wide open recession.

"This led to the start of profit taking so that the performance of the IHSG today did not experience a significant strengthening," Nafan said.

This afternoon, stocks that were among the top gainers, including PT Kresn Graha Investama Tbk (KREN) which rose 9.15 percent to Rp155, PT Pabrik Kertas Tjiwi Kimia Tbk (TKIM) which gained 8.42 percent to Rp5. 150, and PT HK Metals Utama Tbk (HKMU) which strengthened 7.69 percent to Rp84.

Meanwhile, stocks that are in the top losers include PT Mahaka Radio Integra Tbk (MARI) which fell 6.85 percent to Rp68, PT Borneo Olah Sarana Sukses Tbk (BOSS) which fell 6.82 percent to Rp82, and PT Trinitan Metals and Minerls Tbk (PURE), which fell 6.82 percent to IDR123.