Jan 24, 2011

Stock recommendations today

Jakarta Composite Index (JCI) today is estimated to experience a sell-off pressure. Stocks which plunged last week seem attractive to be bought. Here are recommendations provided by local brokerages as reported by Bisnis Indonesia today:

Erdhika Sekuritas:
The JCI will move to the range of 3,308-3,452. Recommended stocks are BMRI, BBRI, and blue chips which dropped last week. The index fell 74.57 points (2.16%) after reaching 3,309.62 at the early session. All sectors suffered drop, especially agriculture and consumer with 3.28% and 3.14%.

eTrading Securities:
The JCI today is predicted to move at the range of 3,313-3,471, while foreign investors still influence the monetary and economy indicators. Top stocks are UNVR, PTBA, and BBCA.
Last week, the JCI lowered 74 points or 2.16% to 3,379,54 after suffering 109 points drop in the first trading session, following the massive drop at iShares MSCI Indonesia index in the US.
Foreign investors recorded IDR1 trillion net sell on Friday last week with dominations of coal mining and banking. The JCI may drop today which is seen in the golden area at 3,280-3,600.

Disclosure: No position at the stock mentioned above.  

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