Nov 1, 2010

Stock recommendations today

A number of securities companies gave their recommendations for your consideration in the trading. The decision to conduct any transactions is fully your responsibility. In making the investment decision, the readers shall make independent assessment.
Here are the recommendations as reported by Bisnis.com today:

Trimegah Securities:
Today Jakarta Composite Index (JCI) will be in the range of 3,609 to 3,650 with recommended stocks, i.e. BMRI and EXCL.

Valbury Asia Securities:
Along the week, JCI is predicted to move in range 3,535 to 3,640. Meanwhile, the index consolidation period will occur until 2-3 weeks ahead.

Treasury Division of Bank BNI:
Foreign exchange trading will also be in dynamic phase as USD/IDR pair will head to weakening position. The year-on-year inflation which is projected to climb to 5.85% from 5.80% will potentially ffect the economic fundamental, sending negative sentiment to the market and bring down the currency. The state lender recommends to buy at IDR8,920 and sell at IDR8,930 as the currency pair is predicted to move in the range of Rp8,905-Rp8,945 per US dollar.

Disclosure: No position at the stock mentioned above.  

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