JCI On Wednesday Opened In The Green Zone, This Is The Analyst's Choice Of Stock Menu

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) opened in the green zone on Wednesday December 2 trading. JCI opened higher by 0.64 percent or 36.67 points to 5,761.41 levels.

Opening the trade, 101 stocks rose, 11 stocks fell, and 45 stocks were stagnant. Trading volume at the opening was recorded at 160.14 million shares and transacted for Rp179.28 billion.

JCI movement in today's trading has the opportunity to continue the process of increasing, after yesterday was closed, bouncing 2 percent to the level of 5,724.

According to analysts at PT Binaartha Parama Sekuritas, JCI has a support-resistance range at the level of 5,621-5,769.

"This indicates a potential for bullish continuation or continued strengthening of the JCI movement, so that the index rate has a chance to go to the resistance level," Nafan said in his research.

Nafan said, the potential for further strengthening in today's JCI movement could be utilized by investors by collecting shares of PT Ciputra Development Tbk (CTRA), PT Gudang Garam Tbk (GGRM), PT Japfa Comfeed Tbk (JPFA), PT Kalbe Farma Tbk (KLBF), PT Perusahaan Gas Negara Tbk (PGAS), and PT Waskita Beton Precast Tbk (WSBP).

Meanwhile, according to an analyst at PT Reliance Sekuritas Indonesia Tbk (RELI), Lanjar Nafi Taulat Ibrahimsyah, the JCI movement in today's trading was trying to maintain the process of increasing, even though the index rate was in a bearish and overbought condition.

According to him, the JCI today will move back to maintain its position above the five-day average, which is at the level of 5,710. The support-resistance range is 5,630-5,770.