JCI On Tuesday Opened To Slightly Weaker 17.31 Points To 4,621.80 Levels

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Composite Stock Price Index (IHSG) was opened for sale on Tuesday, May 12 trading. JCI was opened slightly lower by 0.37 percent or 17.31 points to the level of 4,621.80.

Opening the trade, 91 stocks rose, 80 stocks fell, and 121 stocks remained stagnant. Trading volume was recorded at 147.11 million shares and transacted for Rp148.97 billion.

Even though it opened lower, Reliance Sekuritas Indonesia analyst Lanjar Nafi assessed that technically the JCI was able to continue strengthening, with movements in the range of 4,593-4,738 in today's trading.

In terms of sentiment, the efforts of US President Donald Trump to convince the people of the United States (US) to return to work and undergo social activities, could be a positive sentiment for the JCI movement.

"The US itself plans to ease its lockdown or lockdown starting Wednesday, May 13," said Lanjar.

Domestically, the release of current account data by Bank Indonesia (BI), which is scheduled for May 15, 2020, is also awaiting domestic investors.

Stocks that investors can observe during today's trade include PT Ace Hardware Indonesia Tbk (ACES), PT Bank CIMB Niaga Tbk (BNGA), and PT Barito Pacific Tbk (BRPT).

In addition, investors can also look at the shares of PT Mayora Indah Tbk (MYOR), PT Wijaya Karya Tbk (WIKA), PT Summarecon Agung Tbk (SMRA), and PT Indofood CBP Sukses Makmur Tbk (ICBP).