JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) closed down 0.43 percent 6,270.2 from the previous trading closing level which increased 0.65 percent to 6,297.32. For today, JCI its expecting will strengthen at level 6,283-6,297.

Top Gainers

On Wednesday, the top gainers are PT Kedaung Indah Can Tbk (IDX: KICI) and PT Eka Sari Lorena Transport Tbk (IDX: LRNA) stocks, which closed up 19.40 percent at Rp320 per share and 16.77 percent at Rp181 each, respectively.

Top Losers

Meanwhile, the top losers are PT Multi Prima Sejahtera Tbk (IDX: LPIN) share, which closed down 24.48 percent at Rp1,080 a piece, followed by PT FKS Multi Agro Tbk (IDX: FISH) which closed down 22.25 percent to the level of Rp2,900 each.

PT Bentoel Internasional Investama Tbk (IDX:RMBA)

The Tax Justice Network Institute reported the practice of tax evasion by a subsidiary of British American Tobacco in Indonesia, which caused loss to the country around $14 million per year. However, Director of Legal & External Affairs Mercy Fransisca Hutahaean Bentoel Investama denied the report. She said, the company and its subsidiaries, including Bentoel, always carry out their business activities in accordance with the applicable laws and regulations.

PT Nippon Indosari Corpindo Tbk (IDX: ROTI)

The owner of the “Sari Roti” brand decided to distribute cash dividends equal to 35 percent of the 2018′ net profit orRp59.72 billion (US$4.20 million). The decision was taken after obtaining approval from the shareholders on Wednesday.

PT Ratu Prabu Tbk (IDX: ARTI)

The energy issuers posted a net profit Rp3.13 billion in March 2019, an increase of 72.44 percent from the same period in 2018 of Rp1.81 billion. But the revenues declined 22.63 percent to Rp67.70 billion from earlier Rp87.51 billion.

PT Bank Muamalat Indonesia Tbk

The Islamic bank will completed the acquisition process by Al Falah Investment and seeks for other investors to settle the financial problems. Bank Muamalat must meet fundings up to Rp4 trillion to solve the problem and in the process to finalize the rights issues program with total amount Rp2 trillion.

PT Garuda Indonesia Tbk (IDX: GIAA)

The state-owned aviation firm denied the transaction agreement with Mahata Aero Teknologi as an effort to window dressing. Yesterday at the public expose,¬†Director of Finance and Risk Management Fuad Rizal said that the performance of the GIAA-coded stock had been running well until mid-March 2019 caused of the improvement of the company’ financial resulted.

For today, Binaartha Sekuritas recommends PT Astra Agro Lestari Tbk (IDX:AALI), PT Bank Mandiri Tbk (IDX: BMRI), PT Indo Tambangraya Megah Tbk (IDX: ITMG), PT Bukit Asam Tbk (IDX: PTBA), PT PP Properti Tbk (IDX: PPRO), PT Perusahaan Pembangunan Tbk (IDX:PTPP) stocks to be watched.

May you have a profitable day!

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