Indonesian stocks will rebound today with the index still lingering around the green zone. Recommended shares for today's trading are ADRO, INCO, INDF, and BBCA. Read the following insights from some securities companies as reported by Bisnis.com today:
Today JCI will be moving around 3,635-3,700, with recommended shares like BNBR, ADRO, INCO, and DOID. The index shows bullish sentiment although foreign investors booked a net sell of IDR188 billion on Tuesday. the Jakarta Composite Index (JCI) continued rally by 0.48% (17.56 points) to 3,674 on Tuesday's closing session.
It expects to see a technical rebound on JCI to continue today. Candle chart indicates a room for appreciation and the index is poised to move between 3,655-3,700. The recommended shares are ADRO, INDF, and BBCA.
The index is expected to volatile today. Yet, selective buying may influence the market movement. The index is potentially moving in the range of 3,627-3,679 today aftger a net buy led it to strengthen some points on Tuesday. The index was sharply corrected on negative sentiments at regional markets and drop of commodity prices before it managed to rebound.
Disclosure: No position at the stock mentioned above.