Mar 8, 2011

Stock recommendations today

Indonesian stock benchmark is estimated to fluctuate after slighly gaining 0.53% to 3,561.72 yesterday. Stocks to watch: BBRI, BMRI, BBNI, and PGAS. Here are recommendations for today as quoted by

Panin Sekuritas:
Jakarta Composite Index (JCI) today is moving at the range of 3,540-3,576. Stocks to watch: BBRI, BMRI, BRPT, and MASA. The JCI yesterday slightly rose 0.53% to 3,561.71, breaking a new psychological level at 3,550.
Foreign fund inflows to Indonesian financial market has spurred the JCI rise this week, while rupiah continues appreciation againts US dollar. With BI Rate steady at 6.75%, despite inflation hike, it will be a positive sentiment to the JCI.

e-Trading Securities:
The JCI today is estimated to move at the range of 3,507-3,569. Several stocks may be watched such as BRPT, HRUM, and PGAS. Foreign investors recorded a IDR443 billion net buy with banking and mining stocks became the top gainers.

Reliance Securities:
The JCI technically tends to lower today at the range of 3,520-3,570. Stocks to watch: WIKA, CTRA, and BBNI.

Sinarmas Sekuritas:
The index technically tends to climb in a limited range of 3,545-3,590, while profit taking remains inevitable. Middle East political tension spurring the oil price will provide a negative sentiment to the index. Stocks to watch: PGASm GGRM, BWPT, and SMGR.

Disclosure: No position at the stock mentioned above.

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