JAKARTA - The Composite Stock Price Index (IHSG) opened higher in trading at the weekend, Friday 18 December. JCI was opened slightly higher by 0.03 percent or 1.95 points to the level of 6,115.33.
Opening the trade, 105 stocks rose, 25 stocks fell, and 59 stocks were stagnant. The trading volume was recorded at 183.77 million shares with a transaction value of Rp170.25 billion.
JCI movement in today's trading will try to return to play in the green zone in an effort to continue the bullish trend, after yesterday closed slightly lower by 0.08 percent to the level of 6.113.
According to PT Binaartha Parama Sekuritas analyst, Muhammad Nafan Aji Gusta Utama, technically the JCI still shows a positive signal. The JCI has a support-resistance range at the level of 6,009-6,157.
"This indicates a potential bullish continuation in the JCI movement, so that the index has the opportunity to go to the nearest resistance level," Nafan said in his research.
So, in the midst of a potential rebound in the JCI today, Nafan is offering a number of shares that market players can observe, namely PT Agung Podomoro Land Tbk (APLN), PT Alam Sutera Realty Tbk (ASRI), PT Bank Rakyat Indonesia Tbk (BBRI), PT Gudang Garam Tbk (GGRM), and PT Indofood Sukses Makmur Tbk (INDF).
Meanwhile, an analyst at PT Reliance Sekuritas Indonesia Tbk (RELI), Lanjar Nafi Taulat Ibrahimsyah, estimates that the JCI movement will return to a minor correction. He said, technically the JCI has seen saturation in the overbought and overvalued areas.
"So, we estimate that technically the JCI has the potential to be corrected at the end of this week, with support-resistance at the level of 6,038-6,160," he explained.
Thus, explained Lanjar, investors can respond to estimates of short-term correction in the JCI rate today by collecting shares of PT Indofood Sukses Makmur Tbk (INDF), PT Pakuwon Jati Tbk (PWON), PT Wijaya Karya Tbk (WIKA), PT bank Rakyat. Indonesia Tbk (BBRI), and PT Unilever Indonesia Tbk (UNVR).
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