JAKARTA – Technical analysis from PT Ina Sekuritas Indonesia highlights the stock movement of PT Bank Central Asia Tbk (BBCA) on Thursday (13/3).

Technically, BBCA shares remain in a bullish trend. In yesterday's trading, the stock price crossed above the MA5 and MA20, forming a golden cross pattern, which is seen as having the potential to boost BBCA's stock strength.

The nearest resistance level is at IDR 9,325–9,400. However, if the price does not move as expected, investors are advised to cut losses at IDR 8,950 to minimise risk.

For context, BBCA operates in the banking and financial services sectors and has various subsidiaries in financing, underwriting, securities brokerage, general insurance, and lending.

Most recently, BBCA announced a cash dividend of IDR 300 per share for the 2024 financial year, as approved in yesterday’s General Meeting of Shareholders (RUPS). This includes the interim dividend of IDR 50 per share that was distributed on December 11, 2024.

Investors can view the technical analysis of BBCA stock in the following video. (DK/KR/ZH)