The movement of Jakarta Composite Index (JCI) today is hopefully still affected by positive sentiment of regional and global stock markets after sell-off engulfing coal-based stocks yesterday, following the downward of oil price.
However, profit taking may emerge after the JCI gained in the last two consecutive trading days. Stocks to watch: ICBP, ROTI, PGAS, UNVR, INTP, KLBF, BBTN, and LPKR. Here are stock recommendations for today as quoted by Bisnis Indonesia daily:
The JCI today is expected to move at the range of 3,458-3,545 with uptrend opportunity. The stock market will be influenced by the result meeting of US central bank board of governor. Investors speculate that the meeting may indicate an economy stability which will impact the global market. Stocks to watch: INTP, BBTN, ICBP, and ROTI,
The JCI today is estimated to move at the range of 3,470-3,590, while profit taking may hamper the rally. The JCI yesterday declined 1.97% to 3,501.72 after it inched up 1.97% to 3,501.72. Recommended stocks: PGAS, UNVR, and INTP.
The JCI is technically still in the upward trend at the range of 3,444-3,560 after foreign investors booked a net sell of IDR530 billion, especially in the banking sector. Recommended stocks: KLBF, BBTN, and LPKR.
Disclosure: No position at the stock mentioned above.
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