JCI Was Opened Wednesday, Gaining 0.08 Percent To 4,990.90 Level

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Composite Stock Price Index (IHSG) opened higher on Wednesday, July 8 trading. JCI opened slightly higher by 0.08 percent or 3.83 points to 4,990.90.

Opening trades, 50 stocks rose, 31 stocks fell, and 78 stocks were stagnant. The trading volume was recorded at 55.64 million shares and was transacted for Rp24.73 billion.

Binaartha Sekuritas analyst M. Nafan Aji Gusta Utama considered that the JCI today will move on to continue correction. Based on technical analysis, the range of support and resistance areas is at the level of 4,865 to 5,097.

"This indicates the potential for further reasonable correction on the JCI movement today," Nafan said.

As for a number of share recommendations that can be considered by investors, including PT Astra Agro Lestari Tbk (AALI), PT Adhi Karya Tbk (ADHI), PT Charoen Pokphand Indonesia Tbk (CPIN), PT Gudang Garam Tbk (GGRM), PT HM Sampoerna Tbk (HMSP), and PT Matahari Department Store Tbk (LPPF).

Likewise, Reliance Sekuritas analyst Lanjar Nafi said that the JCI rate in trading today will seek to move towards positive territory and maintain its position in the green zone.

"So, JCI is expected to move moderately in the positive zone with support-resistance at 4,960-5,120 levels," said Lanjar.

So, in the midst of JCI's efforts to turn towards the green zone in today's trade, Lanjar offered a number of shares that market players could monitor, namely PT AKR Corporindo Tbk (AKRA), PT Aneka Tambang Tbk (ANTM), PT Lippo Karawaci Tbk (LPKR ), PT Mitra Adiperkasa Tbk (MAPI), and PT Telekomunikasi Indonesia (Persero) Tbk (TLKM).