JCI On Friday Raised, Opened Towards 5,800

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Composite Stock Price Index (IHSG) opened in the green zone on trading weekends. JCI opened higher by 0.32 percent or 18.25 points to a level of 5,778.16 in trading Friday, November 27.

Opening the trade, 98 stocks rose, 11 stocks fell, and 53 stocks were stagnant. The trading volume at the opening was recorded at 74.92 million shares with a transaction value of Rp93.15 billion.

JCI movement in today's trading is expected to continue the strengthening or bullish trend, after yesterday being able to stay in the green zone and closed up 1.42 percent to the level of 5,760.

According to PT Binaartha Parama Sekuritas analyst, Muhammad Nafan Aji Gusta Utama, technically the JCI movement still shows a positive signal. The JCI has a support-resistance range at the level of 5,695-5,874.

"This indicates the potential for further strengthening in the JCI movement, so that the index has the opportunity to go to the resistance level," Nafan said in his research.

Meanwhile, according to the analyst of PT Reliance Sekuritas Indonesia Tbk (RELI), Lanjar Nafi Taulat Ibrahimsyah, the JCI movement in day trading will have difficulty staying in positive territory.

Technically, he said, the potential for correction will overshadow the JCI movement at the end of this week. Currently, JCI has support-resistance at 5,700-5,783 levels.

According to Lanjar, the JCI movement which will have difficulty surviving in the green zone can be addressed by investors by collecting shares of PT Astra International Tbk (ASII), PT Indofood CBP Sukses Makmur Tbk (ICBP), PT Indofood Sukses Makmur Tbk (INDF), PT Indah Kiat Pulp & Paper Tbk (INKP), PT Kalbe Farma Tbk (KLBF), and PT Mitra Keluarga Kary Advisor Tbk. (MICA).