JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) was closed up 0.35 percent to 6,410.68 compared to prior day at 6,388.32. For today, the composite index is expected move in the range 6,418-6,426.

Top Gainers

On Wednesday, the top gainers were PT Arkha Jayanti Persada Tbk (IDX: ARKA) and PT Inocycle Technology Group Tbk (IDX: INOV) which were closed up 50 percent to Rp354 per share and 49.6 percent to Rp374 a piece, respectively.

Top Losers

While, the top losers was PT Radana Bhaskara Finance Tbk (IDX: HDFA) which was closed down 20.33 percent to Rp145 a piece, followed by PT Fuji Finance Indonesia Tbk (IDX: FUJI) which was closed down 19.79 percent to Rp150 a share.

PT Aneka Tambang Tbk (IDX: ANTM)

The rating compang, Standard & Poors (S&P) affirmed the increase of corporate credit rating for PT Aneka Tambang from B- with positive outlook to B. Its inline with the growing of the company’ businesses.

PT Inocycle Technology Group Tbk (IDX: INOV)

The company reaped fresh fund from initial public offering worth of Rp152 billion (US$10.70 million). Its plans to use part of the funds to support the new business.

PT Mora Telematika Indonesia 

Moratelindo released SUKUK Rp1 trillion and has been listed at the Indonesia Stock Exchange yesterday. The SUKUK consisted of two series with yield 9.9 percent and 10.5 percent.

PT Gema Grahasarana Tbk (IDX: GEMA)

The furniture company has pocketed 50 percent of new contracts from this year targets Rp1.2 trillion. The contracts come from property sector, especially office and apartment, said GEMA.

PT Kimia Farma Tbk (IDX: KAEF)

The pharmaceutical company has been issued medium term notes (MTN) worth of Rp500 billion. The notes consisted of MTN with coupon 8.75 percent and Sharia MTN with floating rate.

PT Midi Utama Indonesia Tbk (IDX: MIDI)

The retailer has been realized the addition of 60 new outlets in the first semester of 2019. This year the company aimed to adding 100 outlets across the nation.

PT Bank Bukopin Tbk (IDX: BBKP)

The lender has been canceled the plan to issue subordinate bonds this year. Instead, the company is exploring the potential for issuing new shares or rights issues in the capital market.

For today, Artha Sekuritas recommended PT Gudang Garam Tbk (IDX: GGRM), PT Waskita Beton Precast Tbk (IDX: WSBP), and PT XL Axiata Tbk (IDX: EXCL) 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