JCI Was Opened To Weaken 6.34 Points To 4,709.84 Levels

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) opened slightly lower on Friday, May 29 trading. JCI opened lower by 0.13 percent or 6.34 points to 4,709.84 levels.

Opening trade, 21 stocks rose, 20 stocks fell, and 31 stocks were stagnant. The trading volume was recorded at 10.76 million shares and was transacted for IDR 14.96 billion.

Reliance Sekuritas analyst Lanjar Nafi predicts that the moving stock index tends to fluctuate in today's trading.

"Technically, JCI is moving positively towards the nearest resistance level at around 4,800," he said.

He predicts the JCI will move in the range 4,640-4,800. Technically, he said JCI had begun to enter the overbought area so that it would be a signal of saturation in weekend trading.

Lanjar recommended stocks that could be examined technically, namely PT AKR Corporindo Tbk (AKRA), PT Japfa Comfeed Tbk (JPFA), PT Bank Negara Indonesia (Persero) Tbk (BBNI), and PT Bank Tabungan Negara (Persero) Tbk (BBTN). ).

Meanwhile, Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama predicted that the JCI today will increase based on technical analysis. The support and resistance levels for the index are 4,569 and 4,975.

"This indicates a potential for bullish continuation in the JCI movement," he said.

As for a number of shares that he recommended to investors, including Adhi Karya (ADHI), Elnusa (ELSA), Indofood CBP Sukses Makmur (ICBP), PP London Sumatra Indonesia (LSIP), Malindo Feedmill (MAIN), and Pakuwon Jati (PWON).