Jakarta Stock Index (JCI) is still difficult to move away from the market pressures as investors are anticipating corporate earnings reports. Yet, a number of consumer and commodity stocks are worth a close watch. Here are stock recommendations provided by brokerages as quoted by Bisnis Indonesia today:
The JCI is predicted to move between 3,462-3,514 with the recommended shares like SGRO, MPPA, and TINS. Last week, the index lost –27.01 points (-0.77%). All sectors went down except infrastructure and miscellaneous industry 0.14% and 0.08%.
The index is to move between 3,451–3,549 with recommended shares like ASII, BUMI and SMGR. Last week JCI weakened 27 points (-0.76%) 3,487.61 following the decline in some banking and commodity stocks.
Foreign net sell reached Rp308 billion at regular market, mostly hitting mining and banking stocks. JCI today, according eTrading, will tend to move mixed amid selling pressures which may lead the index book thin gain.
Disclosure: No position at the stock mentioned above.
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