JCI On Friday Opened To Slightly Stronger To 6,076.46

Illustration. (Photo: Unsplash)

JAKARTA - The Composite Stock Price Index (JCI) managed to rebound at the opening of trading on Friday, January 31 this morning. It was recorded that the JCI rose 18.87 points or 0.31 percent to 6,076.46.

Starting trading this morning, there were 96 stocks rising, 36 stocks weakening, and 96 stocks stagnating. Trading transactions reached IDR 66.07 billion from 59 million shares traded.

The LQ45 index rose 3.5 points or 0.4 percent to 990, the Jakarta Islamic Index (JII) index rose 2.75 points or 0.4 percent to 660, the IDX30 index rose 1.80 points or 0.3 percent to 542.

One of the sentiments affecting the market today is predicted to still come from the attitude of investors who are paying close attention to the continued impact of the corona virus on the economy. As of yesterday, Thursday January 30, the number of corona virus victims has increased to 170 and 7,711 others have been infected, according to Chinese health authorities.

The spread of the virus outbreak made a number of countries worried and began evacuating their citizens from China. China has isolated a number of regions to prevent the virus from spreading to other regions. The virus, thought to have originated in the city of Wuhan, Hubei province, Central China, has now spread to 15 countries.

"The Fed Governor Jerome Powell said the virus outbreak is likely to hit the Chinese economy and could spread. However, it is too early to judge the impact on the US," said Reliance Sekuritas Indonesia analyst Lanjar Nafi.

So, said Lanjar, from technical analysis it is estimated that JCI will be more likely to consolidate or look for new movements in trading this weekend. Thus, JCI is predicted to move within the support-resistance area in the range 6,015-6,065.

Some of the recommended stocks that investors think can be observed include the pharmaceutical issuer PT Kalbe Farma Tbk (KLBF), PT Tunas Baru Lampung Tbk (TBLA), PT Kino Indonesia Tbk (KINO), PT Charoen Pokphand Tbk (CPIN), PT Malindo Feedmill Tbk (MAIN), PT Bank Tabungan Negara Tbk (BBTN), PT Perusahan Gas Negara Tbk (PGAS).

In trading this morning, stocks that were among the top gainers included, shares of PT Putra Rajawali Kencana Tbk (PURA) rose IDR 30 or 12.5 percent to IDR 270, shares of PT Milennium Pharmacon Tbk (SDPC) rose IDR 7 or 7.61 percent to IDR 99 and shares of PT Repower Asia Indonesia Tbk (REAL) increased by IDR 12 or 3.2 percent to IDR 378.

Meanwhile, the stocks that entered the top losers, namely PT Bima Sakti Pertiwi Tbk (PAMG) fell IDR11 or 6.18 percent to IDR167 shares of PT J Resources Asia Pasifik Tbk (PSAB) fell IDR8 or 3.05 percent to IDR254 and shares of PT. Limas Indonesia Makmur Tbk (LMAS) decreased by IDR 3 or 2.52 percent to IDR 116.