JCI On Tuesday Successfully Opened At Around 5,000 Levels

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) was successfully opened higher on trading Tuesday, July 7. JCI opened higher by 0.32 percent or 15.77 points to the level of 5,004.64.

Opening trades, 140 stocks rose, 28 stocks fell, and 90 stocks remained stagnant. Trading volume was recorded at 107.90 million shares and transacted for Rp85.62 billion.

Reliance Sekuritas analyst, Lanjar Nafi said, technically, the JCI would move positively approaching the psychological resistance level of 5,000.

"JCI will move to continue strengthening with support-resistance at the level of 4,950-5,135," said Lanjar in his research.

So, in the midst of the potential for further strengthening of the JCI in today's trading, Lanjar offered a number of shares that market players could observe, namely PT Ace Hardware Tbk (ACES), PT AKR Corporindo Tbk (AKRA), PT Aneka Tambang Tbk (ANTM), PT HM Sampoerna Tbk (HMSP), PT Japfa Comfeed Tbk (JPFA), PT Lippo Karawaci Tbk (LPKR), and PT Bukit Asam Tbk (PTBA).

Meanwhile, Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama expressed a different opinion. He considered that today's JCI has the potential to decline.

Based on the technical analysis, the support and resistance areas have a range at the level of 4,865-5,097. These areas indicate a potential for reasonable correction to the JCI movement.

As for a number of share recommendations that can be considered by investors, including PT Astra Agro Lestari Tbk (AALI), PT Ace Hardware Indonesia Tbk (ACES), PT Alam Sutera Realty Tbk (ASRI), PT Gudang Garam Tbk (GGRM), PT Matahari Department Store Tbk (LPPF), and PT Wijaya Karya Tbk (WIKA).