Jakarta Composite Index (JCI) On Tuesday Predicted To Get Lower

Illustration. (Photo: Unsplash)

JAKARTA - The Jakarta Composite Index (JCI) moved lower at the opening of trading on Tuesday, March 24. JCI fell 0.26 percent or 10.52 points to the level of 3,978.99 at 09.02 WIB.

Opening the trade, there were 75 stocks rose, 86 stocks fell, and 58 stocks were stagnant. Trade transactions reached IDR 375 billion from 271 million shares traded.

Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama predicts the JCI will still move weaker in today's trade due to fears of the COVID-19 pandemic.

"This indicates a potential bearish continuation in the JCI movement so that it has the opportunity to go to the support area," he said.

For the support area, the index is predicted to move in the range 3,930 to 3,837. Meanwhile, the resistance area is predicted to be in the range of 4,238 to 4,408 levels.

This morning the stocks that entered the top gainers, namely shares of PT Indofarma Tbk (INAF), rose IDR 135 or 19.1 percent to IDR 840, shares of PT Kimia Farma Tbk (KAEF) rose IDR 135 or 18.5 percent to IDR 990 and shares of PT Alfa Energi Investama. Tbk (FIRE) increased by IDR 15 or 15.6 percent to IDR111.

As for the stocks that entered the top losers, among others, the shares of PT Wilton Makmur Indonesia Tbk (SQMI) fell IDR 12 or 6.9 percent to IDR161, shares of PT Pelayaran Tamarin Samudra Tbk (TAMU) fell IDR 10 or 6.7 percent to IDR 138 and shares PT Media Nusantara Citra Tbk (MNCN) fell IDR55 or 6.7 percent to IDR765.