JCI Was Opened Thursday To Weaken 22.08 Points To 4,942.65 Levels

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) opened lower on Thursday, June 25 trading. JCI opened lower by 0.44 percent or 22.08 points to 4,942.65.

Opening trades, 17 stocks rose, 49 stocks fell, and 27 stocks were stagnant. The trading volume was recorded at 13.21 million shares and transacted for IDR 13.31 billion.

Reliance Sekuritas Indonesia analyst Lanjar Nafi said that the increase in the index yesterday which reached 1.75 percent by banking shares was due to the government's decision to issue a Minister of Finance Regulation (PMK) on the placement of funds in commercial banks.

"Optimism grew in the banking sector after the PMK was issued," said Lanjar in his research.

He considered that JCI today continued its increase with the support and resistance area between the 4,926-5,050 levels.

Lanjar also recommended several banking stocks such as shares of PT Bank Central Asia Tbk (BBCA), PT Bank Negara Indonesia Tbk (Persero) (BBNI), Bank Mandiri Tbk (Persero) (BMRI), and PT Bank Danamon Indonesia Tbk (BDMN). Meanwhile, the non-bank shares that he recommended were PT Ace Hardware Indonesia Tbk (ACES), and PT Adaro Energy Tbk (ADRO).

The same thing was also conveyed by Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama. According to him, JCI today will experience a strengthening compared to yesterday.

"We indicate the potential for further strengthening in the JCI movement so that it has the opportunity to go to the nearest resistance," he said.

The resistance area referred to by Nafan is in the range of levels between 5,097 and 5,172. Meanwhile, the support area ranges from 4,865 to 4,778.

As for a number of share recommendations that can be considered by investors, including PT Astra Agro Lestari Tbk (AALI), PT Gajah Tunggal Tbk (GJTL), PT Garuda Maintenance Facility AeroAsia Tbk (GMFI), PT HM Sampoerna Tbk (HMSP), and PT Indika Energy Tbk (INDY).