Nov 10, 2010

Stock recommendations today

Jakarta Composite Index (JCI), Indonesia’s benchmark index, may record limited movement today. However, the profit taking action might also give particular pressure to the index as the initial listing of PT Krakatau Steel Tbk will light up today’s trading. SMGR, INDF, ISAT and JSMR are the highly anticipated stocks for today. So, what’s in the shopping list today? This is recommendation as reported by Bisnis.com:
eTrading Securities:
The commodity based stocks somehow led yesterday’s movement in which the index was closed 38 points or 1.03% higher.
As a matter of fact, the foreign investors recorded IDR174 billion net buy yesterday. Today, JCI may swing within the range of 3,700 and 3,780 with some recommended stocks: BRAU, SMGR, and INTP.

Trimegah Securities:
The strong buying interest over some blue chip stocks successfully triggered yesterday’s gain. However, the investors should highly anticipate the limited movement since it may encourage the profit taking and restrain JCI. Today, it may move between 3,704 and 3,757 with some recommended stocks such as INCO and ISAT.

Panin Sekuritas:
Yesterday’s gain was mainly led by the blue-chip stocks. Today, JCI potentially records a limited movement. Today’s movement shall be enlivened by the initial public offering of PT Krakatau Steel Tbk. The short-term resistant level is 3,760 while the supporting level may reach 3,697.

Sinarmas Sekuritas:
Amidst the gloomy movement of some Asia’s indexes in yesterday’s closing session, JCI still stood strong by posting a gain in yesterday’s closing session.
The profit taking action particularly by the foreign investors also dragged JCI to book its new highest level. Today, the index is predicted to continue its positive trend and may also stand at its new resistant level of 3,781. The recommended stocks are JSMR, INTP, INDF and SMGR.
 
Disclosure: No position at the stock mentioned above.

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