Today, JCI is predicted to move in the range of 6,350-6,450 points

By : Abraham Sihombing And Aldo Bella Putra | Tuesday, January 16 2018 - 21:00 IWST

Bursa Efek Indonesia (Foto Rizki Meirino)
Bursa Efek Indonesia (Foto Rizki Meirino)

INDUSTRY.co.id - Jakarta - Jakarta Composite Stock Price Index (IDX) is expected to experience sideways movement in the range of 6,350-6,450 points in today's trading.

Despite the heartbreaking incident due to the collapse of the concrete corridor of BEI Building on Monday (15/01/2018) yesterday afternoon, JCI was still able to move positively and closed up 12 points or 0.19% to 6,382 points position compared to the previous trading position one day in level 6.370 points.

"JCI movement in trading today seems to be going to slow down. However, sideways movements like this usually push up the price of second tier shares in the short term," said Yuganur Wijanarko, an analyst at PT KGI Sekuritas Indonesia in Jakarta, Tuesday (16/01/2018).

Therefore, according to Yuganur, the potential for JCI's horizontal movement in today's trading can be used by market participants to accumulate second-tier shares of choice.

Meanwhile, Yuganur recommends BUY to PT Tiga Pilar Sejahtera Food (AISA) shares, PT Pakuwon Jati Tbk (PWON), PT PP London Sumatra Indonesia Tbk (LSIP) and PT Elnusa Tbk (ELSA).

Yuganur explained, AISA and PWON each targeted to reach the price range of Rp500-520 and Rp715-725 per unit. Therefore, AISA may be collected in the price range Rp470-450 per unit and PWON in the range of Rp675-655 per unit.

Meanwhile, according to Yuganur, LSIP and ELSA each have the opportunity to reach the price range Rp1.410-1.510 and Rp455-475 per unit. The potential for such price increases leads to LSIPs being accumulated at a price range of Rp1,295-1,225 per unit and ELSA in the range of Rp425-415 per unit. (Abraham Sihombing)

News Comment

Today's Industry

Harman Professional Experience Center, located at Desound Melawai, South Jakarta. (Photo: the Company's PR)

Rabu, 09 Juli 2025 - 08:55 WIB

Indonesia's First Harman Professional Experience Center Opens in Jakarta

PT Inti Megah Swara (IMS Indonesia) announces the grand opening of the country's first Harman Professional Experience Center, located at Desound Melawai, South Jakarta.

One of Apartments offered by Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Senin, 09 Juni 2025 - 14:22 WIB

Savyavasa and Permata Bank Launch Exclusive Foreign Mortgage Program

Savyavasa, a luxury residential development by Swire Properties and JSI Group under PT Jantra Swarna Dipta, in collaboration with Permata Bank, presents a new solution for foreign nationals…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:09 WIB

Indonesia, Thailand Sign MoU on Health Sector, Focusing on Global Capacity, Collaboration

As a part of President Prabowo Subianto’s official visit to Thailand, both countries signed a Memorandum of Understanding (MoU) on health sector, in an effort to strengthen bilateral cooperation…

President Prabowo in Thailand

Rabu, 21 Mei 2025 - 10:06 WIB

Indonesia, Thailand Deepen Cooperation on Security, Trade, and Regional Stability

resident Prabowo Subianto has reaffirmed Indonesia’s strong commitment to deepening bilateral relations with Thailand during the meeting with Thailand’s Prime Minister Paetongtarn Shinawatra…

SD Darmono CEO Jababeka Group with Boediman Widjaja CEO JOE Green Group

Selasa, 20 Mei 2025 - 12:44 WIB

Boediman Widjaja's Technology Ready to be Adopted in Jababeka Industrial Estate (KIJA)

In an exclusive seminar entitled "A Great Step: Boediman Widjaja Story - Going from Indonesia, Thriving in Singapore" held at the President Lounge, Menara Batavia, Boediman Widjaja, Founder…