JAKARTA - Ina Sekuritas Indonesia highlighted the movement of  PT Bank Negara Indonesia (Persero) Tbk (BBNI)'s share price, which is rebounding from the support level.

Currently, BBNI's share price is testing the Moving Average 20 (MA20) indicator, which has the potential to be an early signal of further strengthening.

In addition, according to Ina Sekuritas, the stochastic indicator shows a strengthening opportunity with a resistance target in the range of IDR 4,375 to IDR 4,550.

However, if the share price moves beyond expectations, investors are advised to cut loss at Rp4,040.

In the General Meeting of Shareholders (GMS) held on Wednesday (26/3), BBNI announced a dividend distribution of Rp374.05 per share.

With a payout ratio of 65% and an indicative dividend yield of around 9.5%, this policy is considered to be a positive catalyst for the future movement of BBNI shares.

Investors can view technical analysis of BBNI shares through the following video. (DK/KR)