JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) closed up 0.41 percent to 6,057.35 from the previous day, which closed up 1.57 percent to 6,032.70. For today, the composite index is estimated lowering to 6,015-6,036, said Binaartha Sekuritas.

Top Gainers

On Friday, the top gainers were PT Bintang Mitra Semestaraya Tbk (IDX: BMSR) stock, which ended up 34.88 percent to Rp116 per share and PT Sat Nusapersada Tbk(IDX: PTSN) share which increase 24.55 percent to Rp1,040 each.

Top Losers

While top losers were PT Express Transindo Utama Tbk (TAXI) and PT Century Textile Industry Tbk (IDX: CNTX) shares, which closed down 34.44 percent to Rp59 per share and 22.37 percent to Rp458 per share respectively.

PT Permodalan Nasional Madani (PNM)

The state-owned financial company planned to issue local bonds worth of Rp2 trillion (US$138.89 million) with coupon rate 9.5-9.85 percent. The bonds have been offered since May 24 and will list in Indonesia Stock Exchange on May 29.

PT Softex Indonesia

The company supported by the global investment company, CVC Capital Partners, plans to conduct an initial public offering and hopes to raise a fund of $500 million.

PT Ramayana Lestari Sentosa Tbk (IDX: RALS)

The retail company targeting its sales will reach Rp3.2 trillion in the Ramadhan and Eid-Fitr, up 14 percent from the previous season. RALS hope the holiday sales will contribute 35 percent of this year target worth of Rp8.9 trillion.

PT Semen Indonesia Tbk (IDX: SMGR) 

The cement producer offered bonds of Rp4.07 trillion on May 23, 2019. The fund from bonds issuance will be used to pay the long-term debt after acquiring PT Holcim Indoneia Tbk (IDX: SMCB) from Holdervin B.V.

PT Bentoel Internasional Investama Tbk (ID: RMBA)

The cigarette company booked a loss of Rp83.3 billion in the first quarter of 2019 due to long-term investment and tight competition.

For today, Binaartha Sekuritas recommended PT XL Axiata Tbk (IDX: EXCL), PT HM Sampoerna Tbk (IDX: HMSP), PT Indocement Tunggal Prakarsa Tbk (IDX: INTP,) PT Mayora Indah Tbk (IDX:MYOR), PT Surya Semesta Internusa Tbk (IDX: SSIA) and PT Wijaya Karya Tbk (IDX:WIKA) stocks to be watched.

US$1: Rp14,400

May you have a profitable day!

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