JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) closed down 0.2 percent to 5,939.64 from the previous day which rose 0.75 percent to 5,951.27. For today, the composited index is estimated to strengthen in the range 5,912-6,000, said Reliance Sekuritas.

Top Gainers

On Wednesday, top gainers were PT Pool Advista Indonesia Tbk (IDX: POOL) and PT Arthavest Tbk (IDX: ARTA) stocks which shot 21.93 percent to Rp2,780 per share and 21.50 percent to Rp486 per share respectively.

Top Losers

The top losers were PT Pool Advista Finance Tbk (IDX: POLA) share which dropped 24.8 percent to Rp940 each, followed by PT Bliss Properti Indonesia Tbk (IDX: POSA) stock which declined 24.62 percent to Rp300 a piece.

PT Semen Indonesia Tbk (IDX: SMGR)

The state-owned cement company distributes dividends of Rp1.23 trillion (US$85.42 million) or 40 percent of profit in 2018 of Rp3.08 trillion. The cement producer also dismissed President Commissioner Sutiyoso, Commissioner Wahyu Hidayat and one director Law Yunanto through a general meeting of shareholders.

PT Bali Bintang Sejahtera

The football club, Bali United has set its stock offer price at Rp175 a share and will offer to investors on June 10, 2019. The company will list its shares on the Indonesia Stock Exchange on June 17, 2019.

PT Bank Bukopin Tbk (IDX: BBKP)

The private bank decided to use all net income in 2018 of Rp190 billion. The company also restructured the management by changing two directors and two commisioners.

PT Kalbe Farma Tbk (IDX: KLBF)

Pharmaceutical and health issuers agreed to distribute dividends of Rp1.2 trillion. This value is equivalent to 50 percent of Kalbe Farma’s net income in 2018 which reached Rp2.46 trillion.

PT Blue Bird Tbk (IDX: BIRD)

Transportation issuers allocate capital expenditure of Rp 1.5 trillion this year, up from Rp 1.2 trillion in the previous year. Capital expenditure will be used  to add new fleets, vehicle rejuvenation and application development.

For today, Reliance Sekuritas recommended PT Tunas Baru Lampung Tbk (IDX: TBLA), PT Astra Agro Lestari Tbk (IDX: AALI), PT Indofood Sukses Makmur Tbk (IDX: INDF), PT HM Sampoerna Tbk (IDX:HMSP), PT Buyung Poetra Sembada Tbk (IDX: HOKI), PT Bank Rakyat Indonesia Tbk (IDX: BBRI).

Then, PT Perusahaan Gas Negara Tbk (IDX: PGAS), PT Bukit Asam Tbk (IDX: PTBA), PT Medco Energi Internasional Tbk (IDX: MEDC), PT Vale Indonesia Tbk (IDX: INCO), PT Alam Sutera Realty Tbk (IDX: ASRI), PT Adhi Karya Tbk (IDX: ADHI), PT AKR Corporindo Tbk (IDX: AKRA), and  PT Mitra Adiperkasa Tbk (IDX: MAPI) 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