Indonesian shares is estimated to experience another gain today, although it was closed 0.46% or 16,76 points lower, touching 3,620.68 yesterday. The recommended stocks are PTBA, KLBF and AALI. So, what’s in the shopping list today as reported by Bisnis.com today:
Jakarta Composite Index (JCI) may stand between 3,565 and 3,660 during today’s trading. Although it was closed 0.46% or 16.76 points lower to 3,620.68 it apparently still moves in bullish trend.
Yesterday, the foreign investors began to conduct stocks accumulation after recording net sell in five days in a row. The foreign investors booked IDR239 billion net buy on coal mining, automotive and banking stakes.
Just few days before Christmas holiday, the trading activity is estimated to be less strenuous, making JCI to swing between 3,610 and 3,635. The recommended stocks are PTBA, KLBF, AALI, and LSIP.
Nevertheless, yesterday’s drop was mainly influenced by the negative sentiment due to the tumble of Japan’s trading surplus and the concern that the inflation risk might prompt China’s central bank to tighten its monetary policy.
The opportunity for JCI to record another gain still opens as it may swing within the range of 3,604 and 3,652. The recommended stocks are KLBF and SMGR. During yesterday’s trading, the market players who still doubted the global economy somewhat triggered the index’s fluctuation.
Disclosure: No position at the stocks mentioned above.
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