Mar 11, 2011

Stock recommendations today

Jakarta Composite Index (JCI) which fell yesterday may continue to a lower level today. Negative sentiment from oil price decrease, downgrade on Spanish's debt rating, and political tension in Middle East will shadow movement of the JCI.
Several stocks such as INCO, ASII, and PTBA could be watched for today trading. Several brokerages provide their recommendations as quoted by

Sinarmas Sekuritas:
The JCI may move in a mixed position with downtrend possibility at the range of 3,570-3,602. Stocks to watch such as INCO, MYOR, PTBA, and BNGA. Negative sentiment of downgrade on Spanish debt rating by Moody's. CPO price decrease, and Middle East's political tension, are still shadowing the JCI movement.

Reliance Securities:
Indonesian stock benchmark is technically predicted to lower today. The index may move at the range of 3,560-3,600. BBNI, CPIN, and ASII could be watched.

e-Trading Securities:
The index today may move at the range of 3,520-3,621. Stocks to watch: INTP, MYOR, and BMTR. The JCI yesterday slumped 0.31% or 11 points to 3,587.65, following rebound of several commodities price, especially oil price. Mining stocks led the market. Forein investor recorded Rp6.9 billion net selling.

Panin Sekuritas:
The JCI today is calculated to move at the range of 3,550-3,605. Top picks are BBCA, PTBA, MNCN, and INTP. In the short term, the index will be propelled by sentiments of commodities price and regional stock markets. Political tension in Middle East will be focused of global investors as the area is the biggest oil producer in the world.

Disclosure: No position at the stock mentioned above.

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