Check out our recommendations for the most traded stocks this month

Reporter: Ika Puspitasari | Editor: Tendi Mahadi

KONTAN.CO.ID – JAKARTA. Composite Stock Price Index (IHSG) managed to gain 23.42 points or 0.41% to 5,783.33 at the end of trading on the Indonesia Stock Exchange (BEI), Friday (27/11). JCI has shot up to 12.77% in the last month.

Amid the strengthening trend of the JCI, the Indonesian stock market also recorded a record value of transactions and the highest frequency in the regular market on Wednesday (11/25) trading, with a transaction value of IDR 18.17 trillion with a transaction frequency of 1.42 million times. Meanwhile, the volume of stock exchange transactions at that time reached 35.02 billion shares.

If we quote data from RTI, the stocks that are most actively traded by volume include Smartfren Telecom Tbk (BRAKE), PT PP Properti Tbk (PPRO), PT Karya Bersama Anugerah Tbk (KBAG) and PT Kapuas Prima Coal Tbk (ZINC).

Also Read: JCI rose 3.80% within a week on the back of inflows of foreign funds

Then PT Bumi Resources Tbk (EARTH), PT Putra Rajawali Kencana Tbk (Pure), Aneka Tambang (Persero) Tbk (ANTM), PT Alam Sutera Realty Tbk (ASRI), PT Sentul City Tbk (BKSL), and PT Waskita Beton Precast Tbk (WSBP).

Kiwoom Sekuritas Indonesia analyst Sukarno Alatas said one of the factors for these stocks to be among the most active stocks was because the majority of their shares owned market cap small or third and second tier stocks, except ANTM.

According to him, many retail investors hunt for these stocks because they are considered to have a low price at that time and the price is also considered affordable. “Then the potential increase is very high when compared to first tier stocks,” he explained when contacted by Kontan, Friday (27/11).

From the ranks of these stocks, Sukarno saw FREN shares as an option. This is because of the many telecommunications issuers, FREN shares are still lagging behind so that they have the potential to strengthen in the future.

Also Read: JCI soared 3.80%, foreigners accumulated a net buy of Rp 300 billion a week

Meanwhile, he advised market players to remain careful with other stocks because their prices are very volatile.

Apart from FREN, he said ASRI shares and BEST shares were also attractive because the interest rate trend was on a downward trend, this is one of the positive sentiments for this issuer. “PPRO and BKSL are more about speculation, we must be careful. If viewed from the fundamentals, ANTM could be an option, “he added.