JAKARTA (TheInsiderStories) — The Jakarta Composite Index decreasing by 0.47 percent to 6,276.17 on Wednesday, as there was Rp189.52 billion (US$13.25 million) foreign outflow. All sectors but consumer goods and trade were falling.
Mining had the deepest slump by 1.71 percent, followed by infrastructure with 1.4 percent and miscellaneous industry with 1.21 percent.
For today, the stocks market is predicted to continued bearish in a range of 6,200-6,300 due to profit-taking, according to Reliance Sekuritas analyst Lanjar Nafi.
PT Hotel Fitra International Tbk (IDX: FITT) 34.1 percent to Rp222 a share, on its second day listed on Indonesia Stock Exchange. Meanwhile, PT Asia Pacific Fibers Tbk (IDX: POLY) grew by 25 percent to Rp110 each and PT Plaza Indonesia Realty Tbk (IDX: PLIN) increased by 24.6 percent to Rp4,360 a piece.
PT Kokoh Inti Arebama Tbk (IDX: KOIN) stock became the top loser by falling 24.8 percent to 248 a share. Afterwards, PT Jaya Konstruksi Manggala Pratama (IDX: JKON) decreased by 24.3 percent to Rp348 a piece and PT Pudjiadi & Sons Tbk (IDX: PNSE) by 17.4 percent to Rp545 each.
PT Mitrabara Adiperdana Tbk (IDX: MBAP)
The mining company planned to enter solar power plant business. It is now waiting for tender from electricity state-owned enterprise PT Perusahaan Listrik Negara. Mitrabara targeted 2 megawatts (MW) to 5 MW capacity power plant.
PT Tiga Pilar Sejahtera Food Tbk (IDX: AISA)
Debt restructuring process of TPS Food’ subsidiaries PT Putra Taro Paloma and PT Balaraja Bisco Paloma, ended with homologation, decided by the commercial court. On the previous day, judge has also agreed debt payment obligation suspension of the company.
PT Semen Indonesia Tbk (IDX: SMGR)
The cement state-owned enterprise optimistic to achieve up to 5 percent profit growth by the end of this year. Semen Indonesia has executed debt restructuring through bond issuance. In the first quarter of 2019, Semen Indonesia’ profit fell by 42 percent, due to interest cost.
As for today’ recommendations, Nafi said, are PT Charoen Pokphand Tbk (IDX: CPIN), PT Malindo Feedmill Tbk (IDX: MAIN), PT AKR Corporindo Tbk (IDX: AKRA), Surya Esa Perkasa Tbk (IDX: ESSA), PT Perusahaan Gas Negara Tbk (IDX: PGAS), and PT Lippo Cikarang Tbk (IDX: LPCK) 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