JAKARTA - The Jakarta Composite Index (JCI) opened in the green zone on Friday July 3 trading. JCI opened up 0.28 percent or 13.87 points to 4,980.65.

Opening trades, 66 stocks rose, 22 stocks fell, and 27 stocks were stagnant. The trading volume was recorded at 56.13 million shares and was transacted for Rp24.97 billion.

Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama assessed that the JCI this weekend was moving stronger. "This indicates a potential strengthening in the JCI movement so that it has the opportunity to go to the resistance area at the level of 4,975 and 5,097," he said.

Meanwhile, technically, the index will test the support area at the levels of 4,865 to 4,778.

The stocks that he recommended for consideration by investors include PT AKR Corporindo Tbk (AKRA), PT Erajaya Swasembada Tbk (ERAA), PT Gudang Garam Tbk (GGRM), PT Garuda Indonesia (Persero) Tbk (GIAA), PT HM Sampoerna Tbk ( HMSP), and PT Media Nusantara Citra Tbk (MNCN).

A similar opinion was also expressed by Reliance Sekuritas Indonesia analyst Lanjar Nafi. According to him, JCI today will move higher. Based on technical analysis, the support and resistance areas for today are in the range of the level of 4,930-5,070.

"JCI has the potential to test the psychological resistance level at the 5,000 level," he said.

Stocks that can be examined technically include PT Ace Hardware Indonesia Tbk (ACES), PT Adhi Karya Tbk (ADHI), PT Bumi Serpong Damai Tbk (BSDE), PT Ciputra Development Tbk (CTRA), and PT Unilever Indonesia Tbk ( UNVR).


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