Mar 14, 2011

Stock recommendations today

Jakarta Composite Index (JCI) is predicted to weaken tailing the Friday's drop. Chinese inflation, Japan's devastating earthquake and tsunami, and Middle East's crisis, will be the key factors the investors should watch. Here are recommendations provided by Bisnis.com today:

Sinamas Sekuritas:
Technically the index will tend to decline and move in 3,510-3,574 today. The recommended shares are INTP and GJTL. The hike in Chinese to 7.2% last month is expected to trigger monetary tightening which is further translated into economic slowdown in the country. Besides, the natural disaster in Japan and unstable political situation in Middle East will lead negative sentiments into the local market.

eTrading Securities:
The JCI is estimated to move around 3,475-3,568 today, with shares like ADRO, INTP, and UNVR. Technically, the index will continue falling. Last Friday, the index was closed down by 45 points or 1.27% to 3,542.23 due to concern on Middle East's political crisis that now spreads to Saudi Arabia besides the Japan's devastating earthquake and tsunami.

Panin Sekuritas:
The brokerage sees the potential for the index to consolidate around 3,520-3,560 today. Pressures on the index will somehow subside compared to those in Friday after the Japan's earthquake and tsunami leading the Asian markets to slip. As one of teh strongest economies in the world, global investors worry the disaster to affect global economy.
Disclosure: No position at the stock mentioned above.

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