Thursday, JCI Opened Up 0.28 Percent To 5,090.12 Levels

Indonesia Stock Exchange Building. (Angga Nugraha / VOI)

JAKARTA - The Jakarta Composite Index (JCI) opened higher on trading Thursday, July 16. JCI opened higher by 0.28 percent or 14.32 points to the level of 5,090.12.

Opening the trade, 11 stocks rose, 36 stocks fell, and 84 stocks were stagnant. The trading volume was recorded at 90.02 million shares and was transacted for IDR 38.90 billion.

Reliance Sekuritas analyst Lanjatr Nafi estimates that the JCI is still moving quite strongly. He explained that the JCI movement was technically still strong with support and resistance at 5,050-5,250.

The shares he recommended include PT AKAR Corporindo Tbk (AKRA), PT Indofood CBP Sukses Makmur Tbk (ICBP), PT London Sumatra Tbk (LSIP), PT Medco Energy Tbk (MEDC), and PT Pakuwon Jati Tbk (PWON).

Binaarttha Sekuritas Indonesia analyst M. Nafan Aji Gusta Utama actually assessed that the JCI would move up, with resistance levels of 5,172 to 5,233. Meanwhile, the index support area is moving between 5,137 and 5,094.

Based on technical analysis, there is potential for further strengthening in the JCI movement, so that it has the opportunity to go to the nearest resistance.

As for a number of shares that he recommended for investors to observe today, among others, PT Astra Agro Lestari Tbk (AALI), PT Telkom Indonesia Tbk (TLKM), PT Summarecon Agung Tbk (SMRA), and PT Media Nusantara Citra Tbk (MNCN).