JAKARTA - The Jakarta Composite Index (JCI) opened in the green zone on Thursday, October 8 trading. JCI opened higher by 0.38 percent or 19.17 points to the level of 5,023.49.

Opening the trade, 79 stocks rose, 26 stocks fell, and 37 stocks were stagnant. The trading volume was recorded at 68.83 million shares with a transaction value of IDR 56.34 billion.

In today's trading, the JCI has the opportunity to continue its short-term strengthening pattern, after yesterday edging up 0.1 percent to 5,004 levels.

"Technically, there is a chance for a strengthening to the nearest resistance level which is still wide open," Nafan said in his research.

According to him, currently the JCI is trying to stay above the support level 4,975, while the closest resistance target that is trying to reach is at the position of 5,097.

Thus, Nafan explained, the potential for further strengthening of the JCI could be exploited by investors by accumulating the purchase of shares of PT Bank CIMB Niaga Tbk (BNGA), PT Lippo Cikarang Tbk (LPCK), PT Sarana Menara Telekomunikasi Tbk (TOWR), and PT Waskita Karya. Tbk (WSKT).

A similar estimate was conveyed by PT Reliance Sekuritas Indonesia analyst, Lanjar Nafi, who said that JCI had the opportunity to continue moving upwards towards the closest resistance level at 5,118.

Technically, he said, JCI has the opportunity to strengthen, with support-resistance 4,974-5,118.

In the midst of a potential strengthening of the JCI today, Lanjar offered a number of shares that market players could observe, namely PT Indika Energy Tbk (INDY), PT Wijaya Karya Beton Tbk (WTON), PT Timah Tbk (TINS), PT Indocement Tunggal Prakarsa Tbk (INTP ), and PT Perusahaan Gas Negara Tbk (PGAS).

Then, PT Sido Muncul Tbk Herbal Medicine and Pharmacy Industry (SIDO), PT Bank Central Asia Tbk (BBCA), PT Aneka Tambang Tbk (ANTM), PT Lippo Cikarang Tbk (LPKR), and PT HM Sampoerna Tbk (HMSP).


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