JCI Was Opened Cheerfully On The Last Day Of Trading 2020, See Its Share Recommendation

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Composite Stock Price Index (IHSG) opened in the green zone in the last trade in 2020. The JCI opened up 0.26 percent or 15.57 points to the level of 6,051.74 on Wednesday trading December 30.

Opening the trade, 86 stocks rose, 41 stocks fell, 83 stocks were stagnant. Trading volume at the opening was recorded at 76.59 million shares with a transaction value of Rp120.02 billion.

JCI movement in the last trade this year has the opportunity to experience a technical rebound to the green zone, after yesterday closed down by 0.94 percent to the level of 6,036.

According to PT Binaartha Sekuritas analyst, Muhammad Nafan Aji Gusta Utama, technically the JCI will be in the support-resistance range at 6.009-6.157 levels.

"The chances of a minimal strengthening towards the resistance level are still wide open," Nafan said in his research.

Thus, Nafan explained, the potential for a rebound on the JCI in today's trading should be exploited by investors by accumulating the purchase of shares of PT Adaro Energy Tbk (ADRO), PT Agung Podomoro Land Tbk (APLN), PT Astra International Tbk (ASII), PT. Alam Sutera Realty Tbk (ASRI), and PT Bank CIMB NIaga Tbk (BNGA).

Meanwhile, according to PT Reliance Sekuritas Indonesia Tbk (RELI) analyst, Lanjar Nafi Taulat Ibrahimsyah, the JCI movement in day trading is predicted to continue a bearish or weakening pattern.

"JCI will again fluctuate in a tendency to weaken in trading at the end of 2020, with support-resistance at 6.007-6.058," said Lanjar.

He further said that the potential for further weakening in the JCI rate in today's trading could be responded by investors by buying shares of PT Alam Sutera Realty Tbk (ASRI), PT HM Sampoerna Tbk (HMSP), PT Medco Energy Tbk (MEDC), PT Bukit Asam Tbk (PTBA), and PT Semen Baturaja Tbk (SMBR).