Summary

The Indonesian stock market opened higher today, with the Jakarta Composite Index (JCI) up 5.94 points or 0.1% to 6,456.77. The majority of the IHSG drivers rose, with the miscellaneous industry sector leading the gains at 0.5%, followed by the consumer sector at 0.2%. Meanwhile, the mining sector fell 0.3%. Analysts predict that the IHSG will continue to rise in the short and long term, given the ongoing capital inflows and strong domestic economic fundamentals.
William Suryawijaya, an analyst at PT Indosurya Bersinar Sekuritas, said that the IHSG has the potential to continue its upward trend, as it closed up 0.04% at 6,450 yesterday. He added that the movement of the IHSG still shows a continuation of the upward trend amid fluctuations in commodity prices and ahead of the release of the performance of issuers for the 2018 fiscal year. He recommended nine stocks that market participants should watch, including PT Kalbe Farma Tbk (KLBF), PT Unilever Indonesia Tbk (UNVR), and PT Bank Central Asia Tbk (BBCA).
At the opening of trading this morning, 114 stocks rose, 29 stocks fell, and 124 stocks remained stagnant. The transaction value reached IDR 103.4 billion from 187.6 million shares traded. The IHSG has the nearest support level at 6,226 and the nearest resistance target at 6,542.