JAKARTA - The Composite Stock Price Index (IHS) opened slightly higher on trading Thursday, May 28. JCI opened up 0.15 percent or 6.91 points to 4,648.47 levels.
Opening trades, 42 stocks rose, 19 stocks fell, and 20 stocks were stagnant. The trading volume was recorded at 45.11 million shares and was transacted for Rp39.62 billion.
Reliance Sekuritas Indonesia analyst Lanjar Nafi also predicts the JCI will move up today. Technically, the opportunity for index movement is predicted to be at the level of 4,570 to 4,790.
"The next round of tensions between the United States (US) and China will return to the focus of investors," said Lanjar.
Lanjar's recommended shares that investors can observe today are PT AKR Corporindo (AKRA), PT Medco Energi Internasional (MEDC), PT Unilever Indonesia (UNVR), PT Wijaya Karya (WIKA), PT Wijaya Karya Beton (WTON ), and PT Lippo Cikarang (LPCK).
A different projection was conveyed by the analyst of PT Binaartha Sekuritas, M. Nafan Aji Gustama. He estimates that JCI will reverse and weaken in today's trading.
"IHSG has support and resistance levels at 4,577 and 4,676 positions," Nafan said.
He stated that the expected reversal of the weakening direction of the JCI today could be utilized by investors by accumulating shares of PT Bank CIMB Niaga Tbk (BNGA), PT Jasa Marga (Persero) Tbk (JSMR), PT Medco Energi Tbk (MEDC), PT PT. Tjiwi Kimia Tbk (TKIM) Paper Factory, and PT Telekomunikasi Indonesia (Perser) Tbk (TLKM).
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