JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) closed up 1.57 percent to 6,032.70 from previous day which closed down 0.2 percent to 5,939.64. Today, the composite index is estimated to strengthen in the range 5,861-6,088, said Indosurya Sekuritas.

Top Gainers

On Thursday, two top gainers were PT Lionmesh Prima Tbk (IDX: LMSH) and PT Pool Advista Finance Tbk (IDX: POLA) stocks which increased 23.43 percent to Rp590 per share and up 21.81 percent to Rp1,145 each, respectively.

Top Losers

While, the top losers were PT Radana Bhaskara Finance Tbk (IDX:HDFA) shares after closed down significantly 34.50 to Rp112 a piece, followed by PT Bintang Mitra Semestaraya Tbk (IDX: BMSR) stock which lower 33.85 percent to Rp86 a share.

PT Charoen Pokphan Indonesia Tbk (IDX: CPIN)

Animal feed and poultry producer budgeted capital expenditure of Rp2.5 trillion (US$173.61 million) for this year to add two new plants with a total capacity of up to 1.5 million tons in Semarang, Central Java and Padang, West Sumatera.

PT Bayan Resources Tbk (IDX: BYAN)

Throughout the first quarter of 2019, BYAN’ net profit dropped 30.85 percent to $84.23 million from the same period of last year $121.82 million, amid higher cost, sales expenses and financial expenses. The net profit is the lowest achievement since the second quarter of 2017 which posted a profit of $68.5 million.

PT Bank Danamon Indonesia Tbk (IDX: BDMN)

The bank which owned by The Bank of Tokyo Mitsubishi UFJ (MUFG) released bonds of Rp2 trillion with coupons of 7.55-8.55 percent. Recently, Moody’s Investors Service has affirmed the Baa2/P-2 local and foreign currency deposit ratings for the bank. The outlook on the ratings is maintained at stable.

PT Kalbe Farma Tbk (IDX: KLBF)

The pharmaceutical company allocated funds of as much as Rp250 billion to develop digital-based health services such as Klikdokter.com and Kalbestore.com.

PT Trada Alam Mineral Tbk (IDX: TRAM)

The mining issuers will raise funds through rights issues and global bonds to meet the company’ expansion plans in the field of infrastructure and mining logistics with the Adaro Group. First, TRAM will conduct a rights issue of 100 billion new shares accompanied by warrants of 35 percent of the company’s capital. Then will also get fundraising through global bonds of $250 million.

PT Bumi Serpong Damai Tbk (IDX: BSDE)

Property developer company does not distribute dividends from last year’s profits which were decided at the General Meeting of Shareholders. Last year, BSDE earned Rp6.6 trillion in revenue and Rp1.3 trillion in profit.

On Wednesday, Indosurya Sekuritas recommends PT Astra International Tbk (IDX:ASII), PT HM Sampoerna Tbk (IDX:HMSP), PT Bank Central Asia Tbk (IDX:BBCA), PT Bank Negara Indonesia Tbk (IDX: BBNI).

Then, PT Jasa Marga Tbk (IDX:JSMR), PT Kalbe Farma Tbk (IDX:JSMR), PT Nippon Sari Corpindo Tbk (IDX:ROTI), PT Mayora Indah Tbk (IDX:MYOR) and PT Unilever Indonesia Tbk (IDX: UNVR) 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