Until March, 2020, the Financial Services Authority recorded 13 issuers has raised funds Rp21.55 trillion (US$1.35 billion) amid the COVID-19 outbreak - Photo: Special

Jakarta (TheInsiderStories)The Jakarta Composite Index closed up 0.51 percent to 6,320.44 from previous day which was closed down 0.43 percent to 6,288.46. For today, the composite index is estimated move in the range 6,264 to 6,350.

Top Gainers

On Tuesday, the top gainers were PT Indika Energy Tbk (IDX: INDY) and PT Bliss Properti Indonesia Tbk (IDX:POSA) which was closed up 25.47 percent to Rp1,675 per share and 25 percent to Rp450 each, respectively.

Top Losers

Then, the top losers was PT Yanaprima Hastapersada Tbk (IDX: YPAS) which decreased 24.79 percent to Rp352 a piece, followed by PT Radana Bhaskara Finance Tbk (IDX: HDFA) which lowered 19.05 percent to Rp136 a share.

PT Sawit Sumbermas Sarana Tbk (IDX: SSMS)

The plantation company allocates capital expenditure of US$30 million to support operational business and investment of biogas. Previously, Sawit Sumbermas has provided affiliation transaction of Rp2.52 trillion ($177.46 million) in order to support the downstream of oil palm and funding additional for long term.

PT Garuda Maintenance Facility AeroAsia Tbk (IDX: GMFI)

The unit of PT Garuda Indonesia Tbk (IDX: GIAA) to conduct rights issue by release a new shares to public to increase the stock flows in the market form 15 percent to 20 percent. The company hoped to raise fund of Rp500 billion from the transaction.

PT Pakuwon Jati Tbk (IDX: PWON)

The property developet will distribute dividend worth of Rp337 billion. The dividend is 13 percent of company’ net profit in 2018 with valued Rp2.54 trillion.

PT Pollux Properti Indonesia Tbk (IDX: POLL)

The company allocated capital expenditure of Rp1.2 trillion for this year. To date, the company has used 50 percent of the funds for business expansion.

PT ABM Investama Tbk (IDX: ABMM)

The coal miner planned to complete two new contracts that will be worked by PT Cipta Kridatama. The completion is estimated in the end of June 2019 and July 2019.

For today, Reliance Sekuritas recommended the stocks to watch for today are PT BISI International Tbk (IDX: BISI), PT Charoen Pokphand Indonesia Tbk (IDX: CPIN), PT Japfa Comfeed Indonesia Tbk (IDX; JPFA), PT Semen Indonesia Tbk (IDX: SMGR), PT Gudang Garam Tbk (IDX: GGRM), and PT BFI Finance Tbk (IDX: BFIN).

Then, PT Indomobil Multi Jasa Tbk (IDX: IMJS), PT Garuda Maintenance Facility AeroAsia Tbk (IDX: GMFI), PT Adaro Energy Tbk (IDX: ADRO), PT Tunas Baru Lampung Tbk (IDX: TBLA), and PT Medco Energy Internasional Tbk (IDX: MEDC).

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