JCI On Tuesday Opened Up 1.41 Percent To 4,574.81

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) opened higher on trading Tuesday, May 19. JCI opened higher by 1.41 percent or 63.75 points to 4,574.81 levels.

Opening the trade, 106 stocks rose, 20 stocks fell, and 29 stocks remained unchanged. The trading volume was recorded at 59.14 million shares and was transacted for IDR 41.25 billion.

Reliance Sekuritas Indonesia analyst Lanjar Nafi said, JCI has the potential to regain its strength in today's trading. Technically, the index began to be oversold after yesterday was closed slightly higher by 0.07 percent.

"So technically, JCI has the opportunity to rebound with support at the level of 4,500-4,660," said Lanjar in his research.

Some of the shares he recommended today, including, PT Bank Rakyat Indonesia (Persero) Tbk (BBRI), PT Telekomunikasi Indonesia (Persero) Tbk (TLKM), PT Sarana Menara Nusantara Tbk (TOWR), PT Barito Pacific Tbk (BRPT) , PT Bumi Serpong Damai Tbk (BSDE), PT Ace Hardware Indonesia Tbk (ACES), PT Astra International Tbk (ASII).

Likewise, Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama said that today's index would move to the green zone. "There is potential for further strengthening in the JCI movement to the nearest resistance level," he said.

Based on technical analysis, the index will move within the resistance area at the levels of 4,569 to 4,747. As for support, the index today is in the range of the levels of 4,443 to 4,318.

Some of the shares that he recommended to look at by these investors include PT AKR Corporindo Tbk (AKRA), PT Garuda Maintenance Facility AeroAsia Tbk (GMFI), PT Indofood CBP Sukses Makmur Tbk (ICBP), PT Lippo Cikarang Tbk (LPCK), PT Sri Rejeki Isman Tbk (SRIL) and PT United Tractors Tbk (UNTR).