JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) closed down 1.05 percent to 6,071.20, from prior day which closed down 0.88 percent to 6,081.40. For today, the index is supposed to move above 6,100, said Reliance Sekuritas.

Top Gainers

On Tuesday, top gainers were PT Satria Mega Kencana Tbk (IDX: SOTS) and PT Bliss Properti Indonesia Tbk (IDX: POSA) stocks, which rose 25 percent to Rp310 per share and 24.68 percent to Rp394 each, respectively.

Top Losers

Meanwhile, the top losers were PT Multistrada Arah Sarana Tbk (IDX: MASA) share which closed down 24.55 percent to Rp630 a piece, followed by PT Duta Pertiwi Tbk (IDX: DUTI) stock which ended down 19.65 percent to Rp4,600 per share.

PT Indo Tambangraya Megah Tbk (IDX: ITMG)

The mining company posted a net profit of US$39.74 million at March 31, 2019, lowered 31.64 percent compared to $58.13million in the first quarter (1Q) of 2018. The profit came from revenues of $453.02 million which increased 19.77 percent in the first quarter of 2018.

PT Kino Indonesia Tbk (IDX: KINO)

The consumer goods issuer posted a net profit Rp303.98 billion ($21.26 million) in 1Q of 2019, increased 859.23 percent from the same period in last year which originating from purchases with discounts of Rp264.21 billion.

PT Hotel Fitra International

The hospitality company will hold an initial public offering on May 31 by releasing 36.67 percent or 220 million shares with a target funds up to Rp23.31 billion.

PT Bank Negara Indonesia Tbk (IDX: BBNI)

The state-owned banks are spurring syndicated lending from 14 projects by achieving of Rp49.3 trillion until May 2019. This year the lender targeting the loan growth 15 percent from 2018 worth of Rp512,78 trillion.

PT Bank Muamalat Tbk

Founder of Al Falah Investors Pte Limited Ilham Habibie is now awaiting the blessing of the Financial Services Authority so the new investor can complete the acquisition of Bank Muamalat. To date, Al Falah and Bank Muamalat are still focused on carrying out the rights issue targeted on June by issuing 65.22 percent of new shares valued at Rp2.2 trillion.

For today, Reliance Sekuritas recommended PT Astra Agro Lestari Tbk (IDX: AALI), PT Waskita Beton Precast Tbk (IDX: WSBP), PT Semen Indonesia Tbk (IDX: SMGR), PT Indofood Sukses Makmur Tbk (IDX: INDF), PT Bank Negara Indonesia Tbk (IDX: BBNI), and PT Bank Tabungan Negara Tbk (IDX: BBTN).

Then, PT Perusahaan Gas Negara Tbk (IDX: PGAS), PT Jasa Marga Tbk (IDX: JSMR), PT Bukit Asam Tbk (IDX: PTBA), PT Bumi Serpong Damai Tbk (IDX: BSDE), PT Erajaya Swasembada Tbk (IDX: ERAA), and PT Surya Esa Perkasa Tbk (IDX: ESSA) stock 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