JCI On Wednesday Opened Up 0.37 Percent To 4,723.92 Level

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (IHSG) opened higher on Wednesday, April 15 trading. JCI opened higher by 0.37 percent or 17.43 points to 4,723.92 levels.

Opening the trade, there were 48 stocks rose, 14 stocks fell, and 25 stocks were stagnant. The trading volume was recorded at 61.48 million shares and was transacted for IDR 25.53 billion.

Reliance Sekuritas Indonesia analyst Lanjar Nafi predicts the JCI today will strengthen. Based on his analysis, technically the JCI has the opportunity to strengthen at the support and resistance at 4,590 to 4,830.

According to him, investors will continue to monitor the development of the COVID-19 pandemic in Indonesia. The health crisis is also predicted to have an impact on the performance of issuers, especially ahead of the release of the first quarter of 2020 financial reports.

"The sentiment from the United States, banks will start reporting first-quarter earnings, following the US retail sales data which is likely to be landslide quite deep," said Lanjar.

This morning, stocks that were among the top gainers, including PT Mitra Adiperkasa Tbk (MAPI) which rose 11.32 percent to Rp590, PT Semen Baturaja (Persero) Tbk which rose 6.54 percent to Rp326, and PT Envy Technologies Indonesia Tbk (ENVY), which strengthened 4.42 percent to IDR236.

While stocks that are in the top losers ranks, among others, PT Grand Kartech Tbk (KRAH) which fell 6.00 percent to IDR282, PT MD Pictures Tbk (FILM) which fell 4.76 percent to IDR140, and PT Karya Bersama Anugerah Tbk (KBAG), which fell 3.51 percent to IDR 220.