Nov 24, 2010

Stock recommendations today

Indonesian shares will have other correction today as condition of global and regional markets is non conducive.
Jakarta Composite Index (JCI) will see more selling pressures after weakening by 1.68% (63.03 points) to 3,678.19 yesterday.
Please monitor shares like BBRI, BUMI, BNBR, and BMRI in today’s trading. Followings is the recommendations as reported by today:

Trimegah Securities:
JCI is predicted to move in the range of 3,644-3,692 today, with selected shares, like BBRI, HEXA, and MYOR. Furthermore, the index tends to continue correction, after it was dragged down 1.7% (63.03 points) to 3,678.19. The index was influenced by investors’ expectation for global economy worsening, especially for Europe and China.

Reliance Securities:
Considering high uncertainty at global level, JCI is projected to expand its correction and moves in the range of 3,633-3,690. We recommend shares like UNSP, BMRI, and SMGR.

e-Trading Securities:
The index will run within the range of 3,663-3,715 today with recommended shares, namely BUMI, BNBR, DOID, HADE, and BNGA. Yesterday foreign investors booked IDR213 billion net sell. Shares staying in positive area were Bakrie Group like BUMI and BNBR also being top values.

Panin Sekuritas:
In next several days, selling pressure is predicted to flow into the market. However, the share’s decrease can be benefited by investors to gain cheap prices. JCI is still on up-trend, and will move in a range of 3,633-3,698. Yesterday, the selling action swept through Asian markets following conflict in the Korea Peninsula.

Disclosure: No position at the stock mentioned above. 

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