JCI Opens Soaring To 5,176, Analyst Recommends PTPP Shares To Telkom

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) opened in the green zone on Thursday, November 5 trading. JCI opened up 1.40 percent or 71.45 points to 5,176.65 levels.

Opening the trade, 145 stocks rose, 11 stocks fell, and 63 stocks were stagnant. The trading volume was recorded at 149.50 million shares with a transaction value of IDR 165.96 billion.

JCI movement in today's trading has the opportunity to experience a technical rebound or return to a limited strength, after yesterday closed down 1.05 percent to the level of 5,105.

"Technically, the JCI has the potential for a limited rebound with a range of support-resistance at 5,100-5,127 levels," said Reliance Sekuritas Indonesia analyst Lanjar Nafi in his research.

Now, in the midst of the potential strengthening of the JCI today, Lanjar is offering a number of shares that market players can observe, namely PT Adaro Energy Tbk (ADRO), PT United Tractors Tbk (UNTR), PT PP (Persero) Tbk (PTPP), PT Indika Energy Tbk (INDY), PT Waskita Beton Precast Tbk (WSBP), PT HM Sampoerna Tbk (HMSP), PT Gudang Garam Tbk (GGRM), PT Indofood Sukses Makmur Tbk (INDF), PT Kalbe Farma Tbk (KLBF), and PT Telekomunikasi Indonesia Tbk (TLKM).

However, a different view was conveyed by PT Binaartha Parama Sekuritas analyst, Muhammad Nafan Aji Gusta Utama, who estimated that JCI would continue the correction trend.

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