JCI Opens Strong, Analyst Recommends BSD And Ciputra Shares

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Composite Stock Price Index (IHSG) opened in the green zone on trading Tuesday, September 8. JCI opened higher by 0.18 percent or 9.57 points to the level of 5,239.77.

Opening the trade, 63 stocks rose, 22 stocks fell, and 72 stocks were stagnant. The trading volume was recorded at 286, 21 million shares and was transacted for IDR 52.18 billion.

Binaartha Sekuritas analyst, M. Nafan Aji Gusta Utama said, JCI today has the opportunity to turn to the green zone, after closing yesterday's thin 0.18 percent.

"There is potential for strengthening in the JCI movement, so that the index has the opportunity to go to the nearest resistance level," Nafan said in his research.

Technically, Nafan said, JCI is trying to maintain support at 5,172, while the closest resistance target is at 5,293 levels.

Thus, he explained, the potential for strengthening in the JCI today could be utilized by investors by accumulating the purchase of shares of PT Alam Sutera Realty Tbk (ASRI), PT Bank Central Asia Tbk (BBCA), PT Bumi Serpng Damai Tbk (BSDE), and PT. Ciputra Development Tbk (CTRA).

The same thing was said by PT Reliance Sekuritas Indonesia Tbk (RELI) analyst, Lanjar Nafi Taulat Ibrahimsyah. He said the JCI movement would strengthen towards the closest resistance level at 5,340.

Technically, according to Lanjar, JCI has the potential to move up in the next trade, with support-resistance at 5,200-5,340 levels.

Investors could respond to the opportunity for a strengthening in the JCI today by collecting shares of PT Erajaya Swasembada Tbk (ERAA), PT Barito Pacific Tbk (BRPT), PT HM Sampoerna Tbk (HMSP), and PT Lippo Karawaci Tbk (LPKR).