Jan 28, 2011

Stock recommendations today

The strengthening of Jakarta Composite Index (JCI) yesterday encouraged traders to accumulate stocks as foreign investors recorded a Rp711 billion net buy. However, viewing profit taking action, the correction possibility may happen today. Stocks to watch: ASII, BNGA, BMRI, ISAT, INDF, UNVR, and TINS. Here are stock recommendations provided by local brokerages as quoted by Bisnis Indonesia daily.

e-Trading Securities:
Indonesian stock benchmark today is estimated to move at the range of 3,453-3,570 after gaining 12.9 points or 0.37% to 3,514 with foreign investors in Rp711 billion net buy. Recommended stocks ASII, BMRI, and BNGA.

Sinarmas Sekuritas:
The JCI today may be mixed at the range of 3,481-3,558. Buy activities of foreign investors on top banking stocks still underpin the JCI. Several stocks such as BMRI, INDF, ISAT, and TINS could be bought if their prices move to a lower level.

Erdika Sekuritas:
The index today is estimated to move at the range of 3,491-3,544 after recording daily transaction value of Rp6.04 trillion yesterday. Profit taking emerged in the second session. Recommended stocks are INDF, UNVR, and TINS.

Disclosure: No position at the stock mentioned above.

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