Mar 15, 2011

Stock recommendations today

Indonesian stock index is predicted to swing today with upward trend after advancing 0.77% to 3,569.84.
Investor may alerts on several stocks such as INDY, INCO, ITMG, and HRUM. Here are stock recommendations provided by brokerages as quoted by Bisnis Indonesia today:

e-Trading Securities:
Jakarta Composite Index (JCI) is calculated to move at the range of 3,537-3,611. Stocks to watch: INCO, HRUM, and ITMG.
The index yesterday inched up 27.6 points or 0.77% to 3,569.84. The rise was led by increase on mining stocks, following the disruption of nuclear-based power plants after earthquake and magnificent tsunamy hit them. It has spurred the market speculation that the power plants malfunction will augment coal demand.
Foreign investors recorded Rp204 billion net buy. The market trend yesterday technically was shadowed by investor's lack of confidence.

Reliance Securities:
The index technically is estimated to swing with upward trend today. It is calculated to move at the range of 3,520-3,600. Investors may alert on AALI, LSIP, and BWPT.

Panin Sekuritas:
The index yesterday advanced, following the estimation that Japan's earthquake will not significantly affect Indonesia. The global investor is predicted to switch portfolio from Japan stock market to emerging markets such as Indonesia.
We calculate that commodity prices may rise as a result of higher demand after Japan faces disruption on its nuclear-based power plants. Technically, we estimate that the JCI will move at the support-resistance levels of 3,550-3,598. Top picks: ITMG, BORN, KLBF, and LSIP.   

Sinarmas Sekuritas:
The stock index technically yesterday may move in mixed position with upward trend at the range of 3,535-3,600. The close down of 11 power plants in Japan may spur demand on coal, driving positive catalyst for coal-based stocks. Stocks to watch: PTBA, INDY, ITMG, and TINS. 

Disclosure: No position at the stock mentioned above.

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