The Board of Transaction at Indonesia Stock Exchange - Photo by IDX

JAKARTA (TheInsiderStories) – The Jakarta Composite Index closed up 0.36 percent to 6,476.07 on Tuesday (02/04) from a previous day, which had been closed to 6,425.61. In the midst of that increasing, there were several companies booked stocks rising and others jumped. Also there were reporting of financial performance and corporate actions of several companies.

Top Gainers

PT Cahayaputra Asa Keramik Tbk (IDX: CAKK) posted the highest increase of stocks after closing down of 28.12 percent to a level of Rp246 per share. Following the strengthening of CAKK, shares of PT Cahayasakti Investindo Sukses Tbk (IDX: CSIS) rose 23.28 percent and closed at Rp 143 per share.

Top Losers

Shares of PT Berlian Laju Tanker Tbk (IDX: BLTA) posted the deepest price decline in trading on Monday (4/1) after closing down 34.52 percent to the level of Rp55 per share. Occupying the next weakest position was the shares of PT Multifiling Mitra Indonesia Tbk (IDX: MFMI) which ended down 14.75 percent at the level of IDR 520 per share.

PT Vale Indonesia Tbk (IDX: INCO)

The miner budgeted a capital expenditure of US$165 million this year or almost double the $83 million in 2018 in line with the company’s large investment needs.

PT Sentral Mitra Informatika Tbk (IDX: LUCK)

Issuers of distribution equipment and documentation services targeting the net profit in this year to rise 430 percent to Rp12.09 billion, supported by plans to expand to 15 cities in Indonesia.

PT Mitra Keluarga Tbk (IDX: MIKA)

Hospital operator reported posted a net profit in 2018 of Rp659 billion or dopped 7.1 percent compared to 2017 at Rp709 billion. The decline was due to the expansion of the hospital and the acquisition of the Kasih Group at the end of 2017 which resulted in a decrease in interest income.

PT Krakatau Steel Tbk (IDX: KRAS)

The state-owned steel producer recorded net income of $1.74 billion, up 20.05 percent on an annual basis. This issuer also managed to reduce the net loss of 8.48 percent, from a loss of $81.74 million in 2017 to $74.82 million in 2018.

PT Bayan Resources Tbk (IDX: BYAN)

The coal mining company won a credit facility of $30 million from Sumitomo Mitsui Banking Corporation Singapore Branch. This credit facility is obtained by the miner on March 29, with a period up to Feb. 19, 2021 and March 19, 2022.

PT Semen Indonesia Tbk (IDX: SMGR)

The cement producer posted a net profit of Rp3.08 trillion in 2018, up 86.96 percent from the previous year of Rp1.65 trillion, supported by revenues that rose 10.33 percent to Rp30.68 trillion.

Binaartha Sekuritas rate, there is a potential correction of the Jakarta Composite Index so that the index will move towards the support level at 6.438-6.457. The shares that can be considered by investors are PT Adaro Energy Tbk (IDX: ADRO), PT ACE Hardware Indonesia Tbk (IDX: ACES), PT Bank Tabungan Negara Tbk (IDX: BBTN), PT Indah Kiat Pulp & Paper Tbk (IDX: INKP), PT PP Properti Tbk (IDX: PPRO) and PT Surya Citra Media Tbk (IDX: SCMA).

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