Thursday Morning JCI Weakened To 4,518.30

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) opened lower in trading this morning, Thursday, May 14. JCI opened lower by 0.79 percent or 36.1 points to the level of 4,518.30.

Opening the trade, 35 stocks rose, 113 stocks fell, and 110 stocks were stagnant. Trading volume was recorded at 107.29 million shares and transacted for IDR 91.57 billion.

Reliance Sekuritas Indonesia analyst Lanjar Nafi estimates the JCI will weaken today. According to him, technically the JCI movement tends to weaken, with support at 4,474 levels and resistance at 4,696 levels.

In addition, the appearance of quite pessimistic comments from officials of the United States (US) central bank, The Fed, regarding the prospect of reopening the economy amid the pandemic that is still endemic, could affect investors.

"Furthermore, investors will be waiting for the monthly oil market report from OPEC (the organization of oil producing countries) and the weekly jobless claims data in the US," he said.

Some of the stocks that can be observed by investors include, PT Gudang Garam Tbk (GGRM), PT Hanjaya Mandala Sampoerna Tbk (HMSP), PT Harum Energy Tbk (HRUM), PT Indofood Sukses Makmur Tbk (INDF), and PT Media Nusantara Citra Tbk. (MNCN).