Nov 2, 2010

Stock recommendations today

A number of local brokerages gave their recommendations to guide you in the today's trading. The decision to conduct any transactions is fully your responsibility. In making the investment decision, the readers shall make independent assessment.
Less-than-forecast inflation rate is expected to give positive sentiment to the index today. However, investors must anticipate negative divergence between transaction volume and the move in Jakarta Composite Index (JCI). Several securities companies recommend buying shares, including BBNI, BDMN, GGRM, and ADRO.
Read their complete reviews below as quoted from today:

Trimegah Securities:
After moving mixed, Jakarta Composite Index (JCI) rose 9.82 points or 0.27% to end the session at 3,645.15 yesterday. The market indicates a high buying interest that may push the index up. However, negative divergence between volume and index move must be anticipated since it may lead to bearish market. Today, JCI will move within the range of 3,624-3,666 and recommended shares are ADRO, BSDE, and KLBF.

Panin Sekuritas:
Despite selling action on TLKM shares, the index yesterday settled in positive territory. Report on lower-than-estimated inflation rate made banking shares attractive to investors and became the driver of the index. Today, the index is predicted to remain consolidated between 3,623 and 3,664.

eTrading Securities:
Gain in the index yesterday was triggered by BBRI. Yet, foreign investors made IDR511 billion net sell in regular trading, and there was a big selling action on TLKM shares by foreign investors. In today’s trading, JCI is predicted to move within 3,600-3,671. The recommended shares include LPKR, GGRM, MAPI, and CMNP.

Sinarmas Sekuritas:
Inflation rate in October is 0.06%, lower than expected, and it drove the index to positive zone yesterday. JCI today will potentially strengthen due to positive sentiment in the country. The index will move within the range of 3,624-3,677, with recommended shares: BBNI, BDMN, WIKA, and INDF. 

Disclosure: No position at the stock mentioned above.

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