JCI Opened Monday To Weaken 1.39 Percent To 4,650.81 Level

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Composite Stock Price Index opened lower this week. JCI on May 4 opened lower by 1.39 percent or 65.60 points to 4,650.81.

Opening trades, 3 stocks rose, 77 stocks fell, and 20 stocks were stagnant. The trading volume was recorded at 17.90 million shares and was transacted for IDR 20.55 billion.

Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama also predicted that the JCI would move lower today. "The stochastic indicator has started to show overbought so that the index has a reasonable chance of correcting to the nearest support," he said.

Based on the technical analysis, the support level or lower limit referred to is between 4,569 and 4,443. Meanwhile, the index resistance area is likely to be in the range of 4,747 to 4,975 levels.

As for a number of shares he recommended for consideration by investors, PT Agung Podomoro Land Tbk (APLN), PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Indosat Tbk (ISAT), PT Jasa Marga Tbk (Persero) Tbk (JSMR), and PT Kalbe Farma Tbk (KLBF).

This morning, stocks that were among the top gainers, among them, PT Dewata Freighinternational Tbk (DEAL) which rose 9.01 percent to IDR121, PT Royalindo Investa Wijaya Tbk (INDO) which rose 8.77 percent to IDR62, and PT Pudjiadi Prestige Limited Tbk (PUDP) which strengthened 8.40 percent to Rp258.

Meanwhile, stocks that are in the top losers include PT Telekomunikasi (Persero) Tbk (TLKM) which fell 5.43 percent to Rp3,310, PT Jasa Marga (Persero) Tbk (JSMR) which fell 5.40 percent to Rp2,980, and PT Astra International Tbk (ASII) which fell 3.90 percent to Rp3,700.