JCI Is Observed To Weaken On Friday, Analysts Recommend Shares Of Conglomerates Prajogo Pangestu And Susilo Wonowidjojo

Illustration. (Photo: Unsplash)

JAKARTA - The Jakarta Composite Index (JCI) was observed to weaken on Friday, July 23 morning. The index at 09.30, was seen in the red zone alias weakened 0.22 percent to the level of 6123.77.

A total of 203 stocks rose, 209 stocks weakened, and 159 stocks stagnate. Trading volume was recorded at 5.23 million shares with a transaction value of Rp2.47 trillion.

PT Reliance Sekuritas Indonesia Tbk (RELI) analyst, Lanjar Nafi Taulat Ibrahimsyah said that the JCI movement in today's trading has the opportunity to continue the strengthening trend.

"Technically, said Lanjar, the JCI is moving steadily, representing a fairly strong bullish momentum. The JCI has the opportunity to strengthen, with support-resistance at 6,115-6,204 levels," said Lanjar in his research.

Reliance Sekuritas also recommends investors to take advantage of the strengthening trend of the JCI by collecting shares of PT Adaro Energy Tbk (ADRO), PT Aneka Tambang Tbk (ANTM), PT Astra International Tbk (ASII), PT Alam Sutera Realty Tbk (ASRI), PT Adi Sarana Armada Tbk (ASSA).

Then PT Bank Tabungan Negara Tbk (BBTN), PT BFI Finance Tbk (BFIN), a company owned by conglomerate Prajogo Pangestu PT Barito Pacific Tbk (BRPT), cigarette issuer owned by tycoon Susilo Wonowidjojo PT Gudang Garam Tbk (GGRM), and PT Tower Bersama Infrastructure. Tbk (TBIG).