JCI Was Opened Slightly Higher, Analysts Recommended Property And Telecommunication Stocks

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) opened in the green zone on Friday, August 14 trading. JCI opened slightly higher by 0.04 percent or 2.13 points to the level of 5,241.38.

Opening the trade, 42 stocks rose, 35 shares fell, 47 shares were stagnant. The trading volume was recorded at 27.08 million shares and was transacted for IDR 12.02 billion.

However, Binaartha Sekuritas Indonesia analyst M. Nafan Aji Gusta Utama predicts that the index will move into the red zone today. Technically, the index will move at the levels of 5,172 to 5,293.

"Technically it indicates a potential for a reasonable correction to the JCI movement, so that it has the opportunity to go to the nearest support," Nafan said in his research.

He also recommended a number of shares for today's trade, such as PT Astra Agro Lestari Tbk (AALI), PT Alam Sutra Realty Tbk (ASRI), PT Lippo Karawaci Tbk (LPKR), PT Indomobil Sukses Internasional Tbk (IMAS), and PT Waskita Beton. Precast Tbk (WSBP).

A different opinion was expressed by Reliance Sekuritas Indonesia analyst Lanjar Nafi. He projects that the index will move up in today's trading.

He estimates that the index rate will be in the support and resistance area at the level of 5,192 to 5,300.

"The index still has strengthening momentum. So technically, the JCI is still predicted to move positively," he said.

Some of the shares that he recommended for today's trade, namely PT Telekomunikasi Indonesia Tbk (TLKM), PT Unilever Indonesia Tbk (UNVR), PT XL Axiata Tbk (EXCL), PT Indosat Tbk (ISAT), PT Mitra Keluarga Tbk (MIKA) and PT Indofood Sukses Makmur Tbk (INDF).