Nov 26, 2010

Stock recommendations today

Indonesian stocks are predicted to move mixed today. Bakrie Group shares will also receive attention from analysts. According to several securities companies, the shares worth watching include ANTM, JSMR, SMRA, ENRG, BNBR,UNSP, and ELTY. Here are recommendations from the securities companies as reported by Bisnis.com today:

Trimegah Securities:
 Rebounds in regional and global market on better economic data in the US gave positive sentiment to Jakarta Composite Index (JCI), which also advanced 1.2% yesterday. Foreign investors start to make net buy after recording a net sell in the last few days, driving the index up.
However, traders must be aware that the market tends to move mixed before the end of the year, making high volatility in the index. In the meantime, JCI will move within the range of 3,680-3,722, with recommended shares: ANTM, JSMR, and SMRA.

eTrading Securities:
JCI climbed 43 points, (1.18%) to close at 3,702 yesterday. The index today will confirm a reversal and stay in resistance level around 3,730. Foreign investor will keep making net buy as much as IDR177 billion. The main drivers of the index today is Bakrie Group shares, particularly ENRG. Today the index is predicted to move within the range of 3,630-3,730 with recommended shares are ENRG, BNBR,UNSP and ELTY.

Disclosure: No position at the stock mentioned above. 
 
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