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

Sergey Sedov, Founder and CEO of Robocash Group

Jumat, 13 Mei 2022 - 16:15 WIB

Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021

Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…

PT Sariguna Primatirta Tbk (Tanobel Group)

Jumat, 13 Mei 2022 - 15:45 WIB

Demand Increases, CLEO Recorded IDR307.7 Billion Sales in Q1-2022

PT Sariguna Primatirta Tbk (Tanobel Group), a public company and manufacturer of Bottled Drinking Water (AMDK) with the IDX ticker code: CLEO: IJ, recorded a 30% increase in sales reaching IDR307.7…

TopWorx DX PST with HART 7 monitors and tests valve assemblies, providing detailed data and diagnostics and enabling the digital transformation of process applications.

Jumat, 13 Mei 2022 - 15:15 WIB

Emerson’s New Emergency Shutdown Discrete Valve Controller Improves Safety, Uptime in Hazardous Applications

Emerson introduced the TopWorxTM DX PST with HART® 7. Units provide valuable valve data and diagnostic information, enabling the digital transformation of process applications.

PT Buyung Poetra Sembada Tbk (“HOKI”)

Kamis, 12 Mei 2022 - 15:26 WIB

HOKI Launches Another New Product

PT Buyung Poetra Sembada Tbk (“HOKI”), a Public Company which produces quality rice under the “Topi Koki” and “HOKI” brands, continues to innovate by re- launching new products.…

Rockwell Automation Inc. /obe.wisc.edu

Kamis, 12 Mei 2022 - 14:19 WIB

Rockwell Automation Releases New, Highly Customizable Industrial Monitors

Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced the release of a new line of industrial monitors…