TEMPO.CO, Jakarta - The Jakarta Composite Index (JCI) opened at 6,393.88 this morning, or up by 0.13 percent from yesterday's closing.
Binaartha Securities' analyst Reza Priyambada said the index is likely to stay on an uptrend, in line with the positive sentiments from within Indonesia and overseas.
"The JCI's current position, which is still below its latest record of 6,445, provides an opportunity for higher gains," he said on Tuesday, January 9.
He said that the JCI's gain is supported by the re-entry of big-cap stocks as top gainers, as well as the release of the Indonesia's foreign exchange reserves data. Bank Indonesia (BI) has announced that forex reserves stood at US$130.20 billion at the end of December 2017.
Nevertheless, Reza said that profit-takings may occur; triggered by the index's appreciation.
"Beware of profit taking by investors seeking to gain from the JCI's climb," he reminded.
BUDIARTI UTAMI PUTRI