JCI Is Opened To Weaken, Analysts Recommend Shares Of Kimia Farma, Indofarma, WIKA, And Waskita

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Composite Stock Price Index (JCI) opened lower on Monday, January 18 trading. JCI opened lower by 0.09 percent or 6.05 points to 6,367.37.

Opening trades, 82 stocks rose, 61 stocks fell, and 125 stocks were stagnant. The trading volume at the opening was recorded at 192.50 million shares with a transaction value of Rp228.81 billion.

JCI movement in today's trading has the potential to continue the short-term correction trend, after last weekend ended in the red zone with a decline of 0.85 percent to 6,373 levels.

According to PT Binartha Sekuritas analyst, Muhammad Nafan Aji Gusta Utama, JCI has a support-resistance range at 6,325-6406 levels.

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

The same thing was conveyed by PT Reliance Sekuritas Indonesia Tbk (RELI) analyst, Lanjar Nafi Taulat Ibrahimsyah, who said that the JCI movement in today's trade is predicted to weaken again.

"The JCI has support-resistance at the level of 6,333-6,418. Technically, the JCI movement has reached overbought momentum, so it is estimated that weakening pressure will still occur in the next trade," said Lanjar.

In the midst of the potential for further corrections to today's JCI movement, Lanjar offered a number of shares that market players could observe, namely PT Bank Central Asia Tbk (BBCA), PT Kimia Farma (KAEF), PT Indofarma Tbk (INAF), PT Kalbe Farma Tbk ( KLBF), PT AKR Corporindo Tbk (AKRA), PT Jasa Marga Tbk (JSMR), PT Wijaya Karya Tbk (WIKA), PT Waskita Karya Tbk (WSKT), PT Waskita Beton Precast Tbk (WSBP), and PT Wijaya Karya Beton Tbk (WTON).