Oct 8, 2010

Stock recommendations today

The correction in Jakarta Composite Index (JCI) yesterday ended the 9-day rally which led the index top two phycological levels at once, both at 3,500 and 3,600.
Will we see another correction today after index\'s trading dived below 3,600? Which shares are worth to be collected? Here are the recommendations from the securities companies as reported by Bisnis.com today:

e-trading Securities: JCI went down 0.5% to 3,586.18 yesterday with stocks like ASII, TLKM, INDF and BUMI as the lagging movers. The foreign net buy reached IDR224 billion and targeted consumer goods sector. It is predicted the index to move around 3,510–3,630. Choice of shares are ICBP and SMRA.

Sinarmas Sekuritas: A potential of further weakening is widely opened today as stochastic signaled consolidation trend in the index. JCI may undergo limited volatility around 3,570-3,605. Please monitor ASII, INTP, and INDF.

Disclosure: No position at the stock mentioned above. 

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