Jan 21, 2011

Stock recommendations today

Jakarta Composite Index (JCI) is currently in the consolidation phase. The index movement is wide
at the range of 3,419-3,569. Top picks for today are BMRI, ASII, and ANTM. Here are recommendations as quoted by Bisnis Indonesia daily today:
e-Trading Securities:
The JCI technically is in the consolidation phase by trying to stay at the support level of 3,483. For today's trading, the index is estimated to move at the range of 3,433-3,569 with stocks to watch: BMRI, ASII, and ITMG.
The JCI yesterday declined 80.70 points (2.27%) to the level of 3,454.12 as concern on food shortage, subsidized fuel, the low response in the monetary policy from the government. Mining and agriculture sectors were loss the most. Foreign investors recorded a Rp35 billion net sell yesterday.
Erdikha Securities:
The JCI is estimated to move at the range of 3,419-3,512 today.Stocks to watch are ITMG and ANTM.
All sectors declined yesterday, while mining and agriculture were loss the most with 3.8% and 3.2% respectively.

Disclosure: No position at the stock mentioned above.

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