Jakarta (TheInsiderStories) – Good Morning! The Jakarta Composite Index (JCI) was closed up 0.57 percent to 6,388.32 from previous day which was closed at 6,351.83. For today, the composite index is expected rise to 6,40p-6,412.

Top Gainers

Yesterday, the top gainers were PT DMS Propertindo Tbk (IDX: KOTA) which was closed up 70 percent to Rp340 a share, followed by PT Fuji Finance Indonesia Tbk (IDX: FUJI) which was closed up 70 percent to  Rp187 each.

Top Losers

While, the top losers were PT Onix Capital Tbk (IDX: OCAP) and PT Pioneerindo Gourmet International Tbk (IDX: PTSP) which were closed down 24.21 percent to Rp432 a piece and 19.93 percent to Rp5,825 per share, respectively.

PT Japfa Comfeed Indonesia Tbk (IDX: JPFA)

The poultry producer inaugurated animal feed factory with investment of Rp600 billion (US$42.25 million), as part of the business expansion plan. The factory located in Deli Serdang, North Sumatra.

PT DMS Propertindo Tbk (IDX: KOTA)

The property developer announced to utilized all of the funds from the initial public offering to support the development of housing projects in Soreang, West Java to add its unit capital, PT Padjadjaran Raya.

PT Eastparc Hotel Tbk (IDX: EAST)

After get funds  from the initial public offering, the company aimed to build new hotel with investment of Rp115 billion. From the capital market, Eastparc raised fund of Rp54.88 billion.

PT Fuji Finance Indonesia Tbk (IDX: FUJI)

The multifinance company allocated general purpose capital of Rp100 billion this year. The funds derived from initial public offering of Rp33 billion and the rest is from the company’s cash.

PT Trada Alam Mineral Tbk (IDX: TRAM)

The miner received loans from Adaro Capital Limited with worth of $100 million. Trade Alam will be used the funds to finance its capital expenditure and general purpose capital.

PT Bakrie Telecom Tbk (IDX: BTEL)

The telecommunication provider submitted a request to postponing the debt repayment obligations in the United States court, known as Chapter 15, to be granted at the end of 2019. As of December 2018, BTEL’ total debt reached Rp16.17 trillion as of March 2019. As a result, BTEL had to book negative capital or equity up to Rp15.46 trillion per end of the first quarter of 2019.

For today, Binaartha Sekuritas recommended PT Adaro Energy Tbk IDX: ADRO), PT AKR Corporindo Tbk (IDX: AKRA), PT Bank Tabungan Negara Tbk (IDX:BBTN), PT Blue Bird Tbk (IDX: BIRD), PT Bumi Serpong Damai Tbk (IDX: BSDE) and PT HM Sampoerna Tbk (IDX: HMSP) 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