JCI Was Opened Wednesday, Gaining 0.30 Percent To 5094.16 Level

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) opened higher on Wednesday, July 15 trading. JCI opened higher by 0.30 percent or 15.04 points to the level of 5,094.16.

Opening the trade, 54 stocks rose, 15 stocks fell, and 11 stocks were stagnant. The volume of trade was recorded at 18.88 million shares and traded for IDR14.61 billion.

Reliance Sekuritas Indonesia analyst Lanjar Nafi, predicts the JCI will move slightly higher. According to him, the index will move with support at the level of 5050 and resistance is predicted to be at the position of 5.135.

"However, in today's trading, the JCI will be overshadowed by external sentiment. One of them is the tension between the United States (US) and China, which is feared to give a negative mood in the market," said Lanjar in his research.

Most recently, US President Donald Trump has challenged China's expansionary maritime claims in the South China Sea. These conditions, proved to make the majority of major Asian exchanges closed down yesterday.

Some of the stocks that investors think can be observed include, PT Aneka Gas Industri (AGII), PT PT AKR Corporindo (AKRA), PT PT Charoen Pokphand Tbk (CPIN), PT Hanjaya Mandala Sampoerna Tbk (HMSP), and PT Indofood CBP Sukses Makmur Tbk (ICBP).

Then, PT Matahari Department Store Tbk (LPPF), PT PP London Sumatra Indonesia Tbk (LSIP), PT Pakuwan Jati (PWON), and PT Semen Indonesia Tbk (SMGR).

Likewise, Binaartha Sekuritas analyst M. Nafan Aji Gustama said, the JCI movement today has the opportunity to strengthen. There is a potential for further strengthening in the JCI movement so that it has the opportunity to go to the resistance area.

Nafan estimates that today's JCI strengthening will move at the first and second resistance in the range 5,097.14-5,172.37.

"Meanwhile, the first and second support ranges at the level of 4,975.54-4,865.27," Nafan said.

As for a number of share recommendations that can be considered by investors, including PT Adhi Karya Tbk (ADHI), PT Delta Dunia Makmur Tbk (DOID), PT Vale Indonesia Tbk (INCO), PT Mitra Adi Perkasa Tbk (MAPI), and PT Telekomunikasi Indonesia (Persero) Tbk (TLKM).