JCI Opens Weakened, Foreign Investors Release BCA And Bank Mandiri Shares At The Beginning Of Trading

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (IHSG) opened lower in trading today, Tuesday, January 26. At 09.05, the JCI was observed to have dropped 45.65 points or 0.73 percent to 6,212.92.

All sectoral indices weakened and dragged the JCI movement. Foreign investors recorded a net sell or net sell of IDR78.28 billion in all markets.

The stocks with the largest foreign net sales were PT Bank Central Asia Tbk (BBCA) with IDR 29.6 billion, PT Bank Mandiri Tbk (BMRI) IDR 6.1 billion and PT United Tractors Tbk (UNTR) IDR 4.6 billion.

Meanwhile, the stocks with the largest foreign net purchases were PT Chandra Asri Petrochemical Tbk (TPIA) with IDR 3.4 billion, PT Astra International Tbk (ASII) IDR 3.1 billion and PT Wijaya Karya Tbk (WIKA) IDR 1.4 billion.

However, analysts predict the JCI movement in today's trading is expected to experience a technical rebound, after closing down 0.77 percent yesterday.

PT Binaartha Sekuritas analyst Muhammad Nafan Aji Gusta Utama said the JCI has a support-resistance range at the level of 6,121-6,325.

"This indicates a potential strengthening in the JCI movement, so that the index has the opportunity to go to the resistance level," Nafan said in his research.

Thus, Nafan explained, the potential for a rebound in today's JCI rate could be exploited by investors by collecting shares of PT Astra Agro Lestari Tbk (AALI), PT Ace Hardware Tbk (ACES), PT AKR Corporindo Tbk (AKRA), PT Bank Central Asia Tbk. (BBCA), PT Mitra Adiperkasa Tbk (MAPI), and PT Pakuwon Jati Tbk (PWON).