Dec 22, 2010

Stock recommendations today

Indonesian shares potentially continue its gain during today’s trading. The recommended stocks are INCO, INDY, AALI, and ANTM. So, what’s in the shopping list today as reported by Bisnis,com today:
Trimegah Securities:
Jakarta Composite Index (JCI) is estimated to continue its gain today and it may swing within the range of 3,609 and 3,663. The recommended stocks are INCO, INDY and LSIP.

Yesterday, the index was closed 1.92% (68.63 points) higher to 3,637.44 following the improved positive sentiment and the subsided concern over the Korean dispute. Yesterday’s gain was mainly propelled by commodity based stocks.

e-Trading Securities:
The index today may stand between 3,565 and 3,664 with some recommended stocks such as INDF, ICBP, AALI and GJTL. The index seems to penetrating the bullish area, thus it potentially book another rise today.

In addition, the foreign investors recorded IDR163 billion of net buying yesterday particularly in the automotive and coal mining stakes.

Erdikha Sekuritas:
JCI may stand between 3,600 and 3,690 with some recommended stocks such as ANTM, BBTN, INDF and BBRI. Technically, the index begins to indicate a rise. Some blue-chip stocks apparently begin to experience a technical rebound. During yesterday trading, the mining stocks turned out to be the main driver to the gain.

Disclosure: No position at the stock mentioned above.

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