JAKARTA - The Jakarta Composite Index (JCI) opened in the red zone on Wednesday, August 12 trading. JCI opened slightly lower by 0.01 percent or 0.38 points to 5,189.78.

Opening trades, 23 stocks rose, 28 stocks fell, and 30 stocks remained unchanged. The trading volume was recorded at 25.63 million shares and was transacted for Rp9.67 billion.

Even though it opened lower, Reliance Sekuritas Indonesia analyst Lanjar Nafi estimates that the JCI today will move up.

"However, not so optimistic, the support and resistance area is in the range of 5,159 to 5,280," said Lanjar.

He also recommended several shares, such as PT Pakuwon Jati Tbk (PWON), PT CIMB Niaga Tbk (BNGA), PT AKR Corporindo Tbk (AKRA), PT HM Sampoerna Tbk (HMSP), PT PP Tbk (PTPP), PT Sarana Menara Nusantara Tbk (TOWR), PT Barito Pacific Tbk (BRPT), and PT Malindo Feedmill Tbk (MAIN).

Binaartha Sekuritas analyst M Nafan Aji Gusta Utama also projected that today's stock index will be in the green zone like yesterday. Based on technical analysis, JCI will move with resistance at 5,233 levels and support at 5,097 levels.

"JCI movement has a chance to go to the nearest resistance," said Nafan. Some of the stocks he recommended include PT Ace Hardware Tbk (ACES), PT Agung Podomoro Tbk (APLN), PT Bank Jabar (BJBR), PT Lippo Karawaci Tbk (LPKR), PT Alam Sutra Realty Tbk (ASRI), and PT Waskita Beton Precast Tbk (WSBP).


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