Opening To Weakening, Potential Fluctuation In JCI Today Is Predicted To Be Enough

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (IHSG) opened lower in trading on Thursday, April 16. JCI opened lower by 0.56 percent or 25.98 points to 4,599.93 levels.

Opening trading, there were 14 stocks rose, 49 stocks fell, and 17 stocks were stagnant. The trading volume was recorded at 8.42 million shares and was transacted at Rp4.01 billion.

Reliance Sekuritas Indonesia analyst Lanjar Nafi estimates that technically, today the potential for the JCI to fluctuate is quite large. However, the index has the potential to try to strengthen to test the support and resistance levels at the range 4,562 to 4,800.

"Investors' pessimism about the economic damage to the virus is at an extreme level and is still the sentiment affecting the index today," he said.

Meanwhile, Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama predicts that the JCI will move stagnant today.

"(Technically) has the potential to cause sideways in the JCI movement," he said in his research.

According to him, the first support area as well as the second index will have a range of 4,569 to 4,443. Meanwhile, for the first and second resistance areas, the index will move within the range of 4,747 to 4,975.

This morning, stocks that were among the top gainers included, PT Bhakti Multi Artha Tbk (BHAT) which rose 34.53 percent to IDR187, PT Bumi Benowo Sukses Sejahtera Tbk (BBSS) which rose 25.93 percent to IDR204, and PT Multifiling Mitra Indonesia Tbk (MFMI) which rose 24.23 percent to Rp815.

Meanwhile, stocks that are among the top losers include PT Karya Bersama Anugerah Tbk (KBAG) which fell 6.54 percent to IDR200, PT Putra Rajawali Kencana Tbk (PURA) which fell 5.41 percent to IDR70, and PT Bank Negara Indonesia (Persero) Tbk (BBNI) which weakened 3.81 percent to IDR4,040.