JCI At The Beginning Of The Week Opened Up 0.66 Percent To 4,653.79 Levels

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) opened in the green zone on Monday, April 6 trading. JCI opened higher by 0.66 percent or 30.36 points to the level of 4,653.79.

Opening the trade, there were 103 stocks strengthened, 15 stocks weakened, and 40 stocks were stagnant. The trading volume was recorded at 69.60 million shares and was transacted for IDR 27.56 billion.

Reliance Sekuritas Indonesia analyst Lanjar Nafi estimates that the JCI will fluctuate, but with a potential increase. According to him, the index is predicted to hold and close above the 4,650 level, with a range of movement between 4,514 and 4,650 levels.

At the beginning of this week, according to him, investors will still focus on the prospects for world development against the health crisis due to COVID-19. Apart from that, investors are also waiting for what other steps will be issued by policy makers in dealing with this outbreak.

"Domestically, the consumer confidence index data for March will be released. This index will be a benchmark for consumers in the month the pandemic outbreak began," he said.

This morning, stocks that were among the top gainers, including PT Elnusa Tbk (ELSA) which rose 6.86 percent to Rp218, PT Smartfren Telecom Tbk (FREN) which rose 5.26 percent to Rp80, and PT Wijaya Karya (Persero) Tbk (WIKA) which strengthened 3.85 percent to IDR945.

While stocks that are in the top losers ranks, including PT Jaya Bersama Indo Tbk (DUCK) which fell 6.80 percent to IDR 480, PT Royalindo Investa Wijaya Tbk (INDO) which fell 6.78 percent to IDR55, and PT MD Pictures Tbk, which fell 6.45 percent to IDR55.