JCI On Wednesday Opened Slightly Higher By 0.02 Percent To 4,549.60 Level

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) opened higher on Wednesday, May 20 trading. JCI was opened slightly higher by 0.02 percent or 0.95 points to the level of 4,549.60.

Opening trades, 27 stocks rose, 22 stocks fell, and 25 stocks remained unchanged. The trading volume was recorded at 7.82 million shares and was transacted for IDR 3.48 billion.

Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama predicted that the JCI would move in the red zone today. "(Technically) indicates a potential for a reasonable correction to the JCI movement," he said.

The first and second support areas are at the levels of 4,443 to 4,318. Meanwhile, the first and second resistance ranges between 4,747 to 4,975.

As for the share recommendations from Nafan that can be considered by investors, namely Bank Negara Indonesia (BBNI), Bank CIMB Niaga (BNGA), Indika Energy (INDY), Matahari Department Store (LPPF), and Wijaya Karya Bangunan Gedung (WEGE).

This morning, stocks that were among the top gainers, including PT Steadfast Marine Tbk (KPAL) which rose 9.23 percent to Rp71, PT Esta Multi Usaha Tbk (ESTA) which gained 5.36 percent to Rp118, and PT Gajah Tunggal Tbk (GJTL), which strengthened 2.09 percent to Rp390.

Meanwhile, stocks that are in the top losers include PT Kresna Graha Investama Tbk (KREN) which fell 6.17 percent to Rp76, PT Bank Rakyat Indonesia Agroniaga Tbk (AGRO), which fell 4.13 percent to Rp116, and PT Wijaya. Karya (Persero) Tbk (WIKA) which weakened 1.55 percent to IDR 950.