— The Jakarta Composite Index
slightly fell by 0.04 percent to 6,273.08 on Thursday, as foreign investors took profit-taking action by Rp696.57 billion (US$48.71 million). Agriculture sector slumped the deepest by 0.67 percent, followed by basic industry and finance which declined by 0.36 percent respectively.
For today, the stocks market is predicted to continued weakening in a range of 6,100-6,370, according to Erdikha Elit Sekuritas analyst Edo Ardiansyah.
Yesterday, PT Radana Bhaskara Finance (IDX: HDFA) recorded highest gain by 34.4 percent to Rp176 a share. Furthermore, PT Siwani Makmur Tbk (IDX: SIMA) grew by 33.9 percent to Rp83 each, and cement state-owned company PT Semen Baturaja Tbk (IDX: SMBR) increased by 25 percent to Rp925 a piece.
PT Mitra Pinasthika Mustika (IDX: MPMX) was yesterday’ top loser by falling 24.8 percent to Rp1,090 a piece. Then, PT Pudjiadi Prestige Tbk (IDX: PUDP) and PT Indonesia Pondasi Raya (IDX: IDPR) declined by 12.7 percent to Rp370 each and 11.7 percent to Rp406 a piece, respectively.
PT Sekawan Initpratama Tbk (IDX: SIAP)
Indonesia Stock Exchange will be delisting Sekawan Intiprama in June 17, after suspended the stocks trading for more than 2 years. In the official announcement, the company is considered having a condition which significantly give negative impact to its business continuity. But the authority is still giving a last chance for investors to trade the shares in negotiation market for 5 days, starting from June 10 to 14.
PT Bank Tabungan Negara Tbk (IDX: BBTN)
The property-focused bank will issue Rp3.14 trillion bond by the end of this month. The bond will be divided into three series, series A valued Rp1.5 trillion with 7.75 percent interest rate and 1 year maturity, series B valued Rp803 billion with 8.75 percent interest rate and 3 years maturity, and series C valued Rp835 billion with 5 years maturity.
PT Adhi Karya Tbk (IDX: ADHI)
The construction firm just received the third payment of Jakarta greater area Light Rail Transit (LRT) phase one for Rp1.2 trillion from PT Kereta Api Indonesia as the mass transportation operator. Previously, Adhi Karya has received Rp3.4 trillion and Rp2.5 trillion payment. In total, the Jakarta greater area LRT project valued Rp20.2 trillion.
PT Indosat Ooredoo Tbk (IDX: ISAT)
Indosat, AARNet, Google, Singtel, SubPartners, and Telstra announced that the submarine cable system INDIGO is now ready to be used by members, after completion on INDIGO West (4,600 km Singapore to Perth) and INDIGO Central (4,600 km cable Perth to Sydney. Covers 9,200 km, INDIGO cable system will strengthen the connectivity between Australia and Southeast Asian markets are growing rapidly, providing lower latency and more reliable communication services.
As for today, Ardiansyah’ recommendations are on infrastructure sector, PT Adhi Karya Tbk (IDX: ADHI), PT Waskita Karya Tbk (IDX: WSKT), PT Wijaya Karya Bangunan Gedung Tbk (IDX: WEGE), and PT Waskita Beton Tbk (IDX: WTON) stocks
May you have a profitable day!
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia