This Tuesday Morning, JCI Opened To Rebound To 6,251.54

Illustration. (Photo: Unsplash)

JAKARTA - The Jakarta Composite Index (JCI) strengthened again in early trading this morning, Tuesday, January 21. JCI rose 3.9 points or 0.06 percent to 6,251.54.

In early trading, there were 81 stocks rose, 71 stocks fell, and 110 stocks were stagnant. Trading transactions reached Rp. 82.1 billion from 101.5 million shares traded.

The LQ45 index rose 1.47 points or 0.1 percent to 1,023.48, the Jakarta Islamic Index (JII) index fell 1.49 points or 0.2 percent to 686.41, the IDX30 index rose 1 point or 0.2 percent to 558.44.

Among the top gainers, shares of PT Bank Amar Indonesia Tbk (AMAR) rose IDR 80 or 17.7 percent to IDR 530, shares of PT Sentral Mitra Informatika Tbk (LUCK) rose IDR 60 or 10 percent to IDR 620, and shares PT Alfa Energi Investama Tbk (FIRE) increased by IDR 10 or 4.3 percent to IDR 242.

Meanwhile, shares in the top losers, namely shares of PT Zebra Nusantara Tbk (ZBRA) fell IDR 14 or 14 percent to IDR 83, shares of PT Limas Indonesia Makmur Tbk (LMAS) fell IDR 11 or 5.7 percent to IDR 180, and shares of PT Envy Technologies Indonesia Tbk (ENVY) decreased IDR26 or 5.22 percent to IDR472.

Even though it was opened up, Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama considered that there was still potential for the JCI to weaken. "This indicates the potential for further weakening in the JCI movement so that it is likely to go to the nearest support," he said.

The support area is expected to be in the range 6,239 to 6,218. While the resistance area is in the range 6.304 to 6,336.

Share recommendations from Nafan include, PT Bank Negara Indonesia (BBNI), PT Bank Cimb Niaga (BNGA), PT Ciputra Development (CTRA), PT Sri Rejeki Isman (SRIL), PT Telekomunikasi Indonesia (TLKM), and PT Wijaya Karya ( WIKA).