Feb 7, 2011

Stock recommendations today

The decrease of trading volume at Indonesia Stock Exchange (IDX) last week which was in line with the Chinese New Year may continue this week, especially in the banking stocks. Investors still concern on the political tension in Egypt. Stocks to watch are AALI, PGAS, and INTP. Here are stock recommendations provided by brokerages as quoted by Bisnis.com today:

e-Trading Securities:
Jakarta Composite Index (JCI) is technically in the range of consolidation phase. Today, we estimate the JCI may move at the range of 3,441-3,536 after it posted a Rp61 billion net sell. AALI, PGAS, and INTP shall be watched.

Sinarmas Sekuritas:
The JCI tends to move sideways with uptrend possibility. The JCI is estimated to move at the range of 3,465-3,510. BI Rate hike to 6.75% was posively responded by market. The JCI movement today will be affected by  global market. Stocks to watch are SMRG, TLKM, PGAS, and BBNI.

Disclosure: No position at the stock mentioned above.

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