JCI Opens Down 1.83 Percent, Analyst Recommends BUMN Construction Shares

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Composite Stock Price Index (IHSG) opened increasingly sinking. JCI opened down 1.83 percent or 94.36 points to the level of 5,055.02 at the opening of trading on Thursday, September 10.

Opening trades, 37 stocks rose, 143 stocks fell, and 60 stocks were stagnant. The trading volume was recorded at 176.52 million shares with a transaction value of IDR 250.68 billion.

Binaartha Sekuritas analyst, Muhammad Nafan Aji Gusta Utama said, the JCI is expected to weaken again.

Technically, Nafan said, it indicates the potential for further correction to the JCI movement, so that the index has the opportunity to go to the nearest support level.

"Currently, the JCI is trying to maintain the support level at 5.097, while the resistance target that is trying to reach is at the level of 5,233," Nafan said in his research.

So, he continued, the potential for further weakening at the JCI rate today could be benefited by investors by accumulating the purchase of shares of PT Adhi Karya (Tbk) (ADHI), PT AKR Corporindo Tbk (AKRA), PT Bank Pembangunan Daerah Jawa Barat and Banten Tbk (BJBR). , PT Bank Jatim Tbk (BJTM), PT Bukit Asam Tbk (PTBA), PT Summarecon Agung Tbk (SMRA), and PT Wika Gedung Tbk (WEGE).

Meanwhile, an analyst of PT Reliance Sekuritas Indonesia Tbk (RELI) expressed a different opinion, Lanjar Nafi. According to him, technically, the JCI will move lower.

Now, in the midst of the JCI that is estimated to move in a moderate trend, he offered a number of shares that can be played by market players, namely PT Bank Tabungan Negara (Persero) Tbk (BBTN), PT Bank Mandiri (Persero) Tbk (BMRI), PT HM Sampoerna Tbk (HMSP), PT Jasa Marga (Persero) Tbk (JSMR), PT Perusahaan Gas Negara (Persero) Tbk (PGAS), PT Tower Bersama Infrastructure Tbk (TBIG), and PT Wijaya Karya Tbk (WIKA).