Some analyst sees the Jakarta Composite Index (JCI) and Rupiah will enter the green zone territory after the Constitutional Court ruling on the 2019 presidential election - Photo by The Insider Stories

Jakarta (TheInsiderStories) – Good Morning! The Jakarta Composite Index (JCI) was closed down 0.34 percent to 6,351.83 from previous day closed down 0.04 percent to 6,358.63. The number follows the footsteps of the world stock market which is also transacted in the red zone.

On Monday, share transactions reached Rp6.88 trillion (US$484.51 million) from 15.11 billion shares traded by investors. A total of 263 shares ended in negative territory, 169 shares in positive territory, and 123 shares stagnated. For today, the composite index is expected still in negative territory in the range of 6,285-6,370.

Top Gainers

On Monday, the top gainers were PT Berkah Prima Perkasa Tbk (IDX: BLUE) and PT Envy Technologies Indonesia Tbk (IDX: ENVY) which was closed up 69.23 percent to Rp220 per share and 50 percent to Rp550 a piece, respectively.

Top Losers

Meanwhile, the top losers were PT Keramika Indonesia Assosiasi Tbk (IDX: KIAS) which was closed down 25.44 percent to Rp126 each, followed by PT Sekar Bumi Tbk (IDX: SKBM) which was closed down 25 percent to Rp360 a share.

PT Berkah Prima Perkasa Tbk (IDX: BLUE)

The refill ink company plans to expand its business to textile printing after conducting initial public offering on July 8, 2019. BLUE has been allocating Rp4 billion to support the business.

PT Adaro Energy Tbk (IDX: ADRO)

The coal producer said are ready to supply 70 percent of coal to steam power plant in Batang project, Central Java. The coal needs is around 7-7.5 million ton a year, Adaro said.

PT Rimo International Lestari Tbk (IDX: RIMO)

Teddy Tjokrosapoetro and Benny Tjokrosaputro injected fresh fund of Rp159.78 billion to RIMO through private placement scheme. The funds will be use for debt refinaning. The property developer have loans Rp707.78 billion to the Tjokrosaputro through PT Hokindo Properti Investama and PT Mulia Manunggal Karsa Rp150 billion.

PT PP Presisi Tbk (IDX: PPRE)

The company signed cooperation with Sunward Intelligent Equipment, a China’s company in technology solution for construction project in Indonesia. In this cooperation, Sunward can transfer technology knowledge to PP Presisi.

PT Kawasan Industri Jababeka Tbk (IDX: KIJA)

The industrial estate developer, took a number of steps related to the risk of default on senior notes issued by a subsidiary, Jababeka International. According to the President Director Budianto Liman the potential failure of its subsidiary began since June 26, 2019, after PT Imakotama Investindo and Islamic Development Bank become the company’ shareholders. The two companies proposed Sugiharto as President Director and Aries Liman as commissioner.

PT Trikomsel Oke Tbk (IDX: TRIO)

Shares of the cellular telephone retailers shot up 26.67 percent to Rp 114 a piece after the new regulation on IMEI by the ministry of finance out. Trade data on the Indonesia Stock Exchange (IDX) noted that the transaction value recorded Rp1.41 billion with trading volume of 12.49 million shares.

For today, Reliance Sekuritas recommended PT Indah Kiat Pulp and Paper Tbk (IDX: INKP), PT Pabrik Kertas Tjiwi Kimia Tbk (IDX: TKIM), PT Bank Negara Indonesia Tbk (IDX: BBNI), PT Astra International Tbk (IDX: ASII), PT Vale Indonesia Tbk (IDX: INCO) and PT Ramayana Lestari Tbk (IDX: RALS) stocks to be watched.

US$1: Rp14,200

May you have a profitable day!

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