JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) closed at 5,826.87 in Friday’ trading, weakening 1.17 percent from the previous day, which closed up 0.59 percent to 5,930.27. For today, the composite index is estimated to strengthen at 5,800-5,900, said Reliance Sekuritas.

Top Gainers

On Friday, the top gainers were PT Inti Agri Resources Tbk (IDX: IIKP) stock which rose 30 percent to Rp65 per share and PT Jasnita Telokomindo Tbk (IDX: JAST) share which closed up 25 percent to Rp460 a piece.

Top Losers

While, the top losers were PT Sekar Bumi Tbk (IDX: SKBM) shares after closing down 21.05 percent to Rp300 each, followed by PT Yanaprima Hastapersada Tbk (IDX: YPAS) stock which declined 20.45 percent to Rp525 per share.

PT Astra International Tbk (IDX: ASII)

The holding company through its subsidiary PT Astra Tol Nusantara acquired 44.5 percent of PT Jasamarga Surabaya Mojokerto’ shares for Rp 1.7 trillion (US$118.05 million), to strengthen its investment in the Trans Java toll road section.

PT Bank Muamalat Indonesia Tbk

The Islamic bank approved Al Falah Investments Pte Limited, an investment company formed by Ilham Habibie, to acquire 50.3 percent of the company’ shares and also Kospin Jasa and Lynx Asia as minority shareholders. The three companies will absorb Bank Muamalat’ rights issue around Rp2 trillion.

PT Astrindo Nusantara Infrastruktur Tbk (IDX: BIPI)

The mining, oil and gas producer will work on nine new energy infrastructure projects at a cost of around $2.45 billion and potential annual revenues of more than $1 billion, said the company last week.

PT Bank Tabungan Negara Tbk (IDX: BBTN)

The state-owned lender does not extend the term of office of the Director of Finance and Treasury Iman Nugroho Soeko and his duties are held by Nixon Napitupulu. The company also appointed Asmawi Syam as President Commissioner replaces I Wayan Agus Mertayasa.

PT Sumber Alfaria Trijaya Tbk (IDX: AMRT)

The retail issuers recorded a net profit of Rp202 billion in first quarter of 2019, up 67 percent from the same period last year of Rp121 billion. Increasing in net income was in line with increasing in company revenue by 14 percent to Rp16.72 trillion.

Reliance Sekuritas recommended PT Bank Tabungan Negara Tbk (IDX:BBTN),  PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Jasa Marga Tbk (IDX:JSMR), PT Perusahaan Gas Negara Tbk (IDX: PGAS), PT Indomobil Sukses Internasional Tbk (IDX: IMAS), PT Adaro Energy Tbk (IDX: ADRO), PT Indika Energy Tbk (IDX: INDY) and PT Surya Citra Media Tbk (IDX: SCMA) stocks to be watched today.

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