JAKARTA (TheInsiderStories) – The Jakarta Composite Index closed up 0.92 percent on Tuesday (03/26) to 6,470, from the previous closing level 6,411.25. The strength of index also accompanied by a number of corporate actions from a number of issuers.
Top Gainers
Shares of PT Bumi Teknokultura Unggul Tbk (IDX: BTEK) posted the sharpest price increase in trading on Tuesday, March 26, 2019 after closing surged 33.33 percent at Rp176 per share. Occupying the next strongest position was the shares of PT Wahana Interfood Nusantara Tbk (IDX: COCO) which shot 24.62 percent to the level of Rp810 per share.
Top Losers
Shares of PT Siwani Makmur Tbk. (IDX: SIMA) posted the deepest price decline after closing down 25.38 percent at Rp97 per share in trading Tuesday, March 26, 2019. Following the weakening of SIMA, the shares of PT Indonesia Pondasi Raya Tbk (IDX: IDPR) which ended dropped 24.69 percent at the level of Rp482 per share.
PT Pelita Samudera Shipping Tbk (IDX: PSSI)
Marine transport issuer recorded a 257 percent increase in net profit to $14.12 million from the previous year which posted a net profit of $3.92 million. The increase in profit was supported by additional revenue from the sale of fixed assets, namely floating cargo facilities of $7.64 million.
PT Pakuwon Jati Tbk (IDX: PWON)
Pakuwon posted a net profit growth of 35.78 percent to Rp2.54 trillion in 2018 from the previous Rp1.87 trillion. This increase is not only supported by sales growth, but also a decrease in costs incurred in the sales expense, financial burden and tax burden.
PT Bank Danamon Indonesia Tbk (IDX: BDMN)
The private lender through the Shareholders General Meeting agreed to pay dividends of 35 percent of the company’s net income after tax or amounting to Rp143.22 per share. The general meeting of shareholders also approved the planned merger of BDMN with and PT Bank Nusantara Parahyangan Tbk (IDX: BNP).
PT Perusahaan Listrik Negara (PLN)
The state-owned power producer will raise funds from the capital market to Rp50 trillion to meet the company’ investment needs in 2019 which reaches Rp80-90 trillion.
PT Pelabuhan Indonesia II
The port operator prepared an investment of Rp1.7 trillion to buy 49 percent of the shares of PT Krakatau Steel Tbk (IDX: KRAS) at PT Krakatau Bandar Samudera (KBS), a company engaged in port management.
Furthermore, Binaartha Research assesses the potential for further strengthening in the Jakarta Composite Index movement so that it is likely to go to the resistance area at the level of 6.485-6.501. Binaartha also recommended the shares of PT Adaro Energy Tbk (IDX: ADRO), PT Astra International Tbk (IDX: ASII), PT Elnusa Tbk (IDX: ELSA), PT Japfa Comfeed Indonesia Tbk (IDX: JPFA), PT Housing Development Tbk (IDX: PTPP) and PT Unilever Indonesia Tbk (IDX: UNVR).
Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia