JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) was closed up 0.09 percent to 6,358.63 on Friday (06/28), from the previous day was closed up 0.67 percent to 6,352.71. For today, the composite index is estimated weaken to 6,325-6,370.

The value of market capitalization for the week also increased by 0.68 percent to Rp7,243.04 trillion (US$510.07 million) from Rp7,193.90 trillion at the end of last week

Top Gainers

On Friday, the top gainers were PT Mitra Komunikasi Nusantara Tbk (IDX: MKNT) and PT Golden Flower Tbk (IDX: POLU) which were closed up 31.50 percent to Rp167 per share and 25 percent to Rp675 a piece, respectively.

Top Losers

Meanwhile, the top losers were PT Hotel Mandarine Regency Tbk (IDX: HOME) which was closed down 34.96 percent to Rp80 a share, followed by PT Radana Bhaskara Finance Tbk (IDX: HDFA) which was closed down 24.76 percent to Rp155 each.

PT Garuda Indonesia Tbk (IDX: GIAA)

The state-owned flight carrier said will comply to the decision and sanctions from the finance regulators regarding with 2018′ financial statement. The management of Garuda will hold the public expose 14 days after the sanctions imposing.

PT Envy Technologies Indonesia 

The financial technology company announced the initial public offering price is Rp370 a share and will list the stock in Indonesia Stock Exchange on July 8, 2019 with code ENVY. The firm release 600 million shares to investors and is estimating to raise Rp222 billion.

PT Hotel Sahid Jaya Tbk (IDX: SHID)

The hospitality company planned to expand to Uzbekistan and Malaysia, as a way to improve the business in the long term. With this expansion, the company targets the revenue by 20 percent in 2019 from last year worth of Rp180 billion.

PT Lion Mentari Airlines

The aircraft company is reviewing related to the planning of initial public offering (IPO). The company intends to conduct an IPO for itself and also for subsidiaries.

PT Waskita Karya Tbk (IDX: WSKT)

Per May 2019, the construction company received a new contract of Rp7.2 trillion or 12.85 percent of this year’s target. To date, the company is completing the projects in Hasanudin Airport and Istiqlal.

For today, Reliance Sekuritas recommended PT Bisi International Tbk (IDX: BISI), PT Charoen Pokphand Indonesia Tbk (IDX: CPIN), PT Bank Tabungan Negara Tbk (IDX: BBTN), PT Bank Pan Indonesia Tbk (IDX: PNBN), PT Astra International Tbk (IDX: ASII), PT Jasa Marga Tbk (IDX: JSMR), PT Indomobil Sukses Internasional Tbk (IDX: IMAS), PT Surya Citra Media Tbk (IDX: SCMA), and PT Ramayana Lestari Tbk (IDX: RALS), stocks to be watched.

US$1: Rp14,200

May you have a profitable day!

Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia