Nov 3, 2010

Stock recommendations today

Jakarta Composite Index (JCI) is predicted to move sideways today, as global trend is waiting for decision from Federal Reserve. The recommended shares for trading today include GGRM, TINS, INDF, and BMRI.
Read the complete market insights below as reported by

Panin Sekuritas:
At yesterday’s trading, the sell-off of TLKM shares drove other bluechip shares down and made JCI slump to 3,625.49. The index is in consolidation phase. With little positive sentiment, it restrains the index from making further rally after breaking 3,600. In addition, global investors are waiting for the results from the Fed meeting and US Congress election. JCI today is predicted to move within the range of 3,604-3,641.

Trimegah Securities:
Traders, mainly foreign investors longing for the response from global sentiment regarding the Fed's measures, are giving up their position by making net sell. Today, the index is expected to move within the range of 3,610-3,644. Recommended shares: AKRA, GGRM, and TINS.

Sinarmas Sekuritas:
In today’s trading, global index and JCI are predicted to move sideways, as investors are waiting for the result from Federal Open Market Committee (FOMC) meeting. Although the Fed is believed to keep the interest rate unchanged at 0.25%, traders are anticipating the possibility of things go beyond expectation. The index is predicted to move within the range of 3,595-3,652 with recommended shares: TLKM, BMRI, and BUMI.

eTrading Securities:
The sell-off of TLKM shares was the main driver for the drop in JCI at yesterday’s trading. Foreign investors recorded IDR107 billion in net sell. Today, JCI has left the overbought area. At trading today, JCI is expected to move within 3,600-3,671. Recommended shares: INDF, ADRO, and TINS. 

Disclosure: No position at the stock mentioned above.

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