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)

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