Jan 14, 2011

Stock recommendations today

The sell down engulfing Jakarta Composite Index (JCI) at early this year seems discontinued. Foreign investors who prefer to take profit since last week, yesterday turned back into net buy position of Rp149 billion. 
The JCI still continues its rally, propelled by positive sentiments from commodities price hike. Several stocks should be watched ROTI, PGAS, ITMG, ICBP, ADHI, BWPT, LSIP, BMRI, and AALI. Here are full stock recommendations provided by local houses as reported by Bisnis.com today:

Sinarmas Sekuritas:
The JCI today is estimated to move in a limited uptrend. The index may move at the range of 3,536-3,622. Top picks ate ROTI, PGAS, ITMG, and ICBP.
Erdika Sekuritas:
Indonesian stock benchmark technically might strengthen today at the range of 3,532-3,614 after advancing 10.17 points or 0.29%, underpinned by agricultural stocks wuth 1.75%. Recommended stocks: ADHI and BWPT.

e-Trading Securities:
The JCI technically was in the strong resistance yesterday. Hence, it might extend its hike to the range of 3,537-3,631. Top picks are LSIP, BMRI, and AALI.

Disclosure: No position at the stock mentioned above.  

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