Jan 17, 2011

Stock recommendations today

Jakarta Composite Index (JCI) is estimated in mixed movement today. Commodities-based stocks and banking remain the mover for the market as quoted by Bisnis Indonesia daily.

Sinarmas Sekuritas:
The JCI is predicted to be mixed at the range of 3,535-3,586. Global markets will lead the JCI. Stocks to watch: TLKM, INDF, and LSIP.

eTrading Securities:
Indonesian stocks are estimated to be mixed  at the range of 3,530-3.592. Banking stocks and commodities are predicted to propel the market. Stocks to wacth: BRMS, INDF, and WINS. On the last Friday, the JCI inched up 4 points or 0.12% to 3,569.14.
Foreign investors were in net sell position of Rp266 billion, sending the JCI to form hammer pattern and closed at the resistance level of Rp3,56.
Disclosure: No position at the stock mentioned above.  

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