Mar 16, 2011

Stock recommendations today

Indonesian stock benchmark is estimated to further lower today. Earthquake and Tsunami in Japan and concern on radiation leakage spread negative sentiments to the stock market. Stocks to watch: HEXA, INDF, BMRI, and SMGR. Here are recommendations provided by Bisnis Indonesia today.
e-Trading Securities:
Jakarta Stock Index (JCI) may move at the range of 3,468-3,570 with stocks to alert: APLN, PTPP, and HEXA. The index yesterday plummeted 1.28% or 45.36 points to 3,524.48. The drop was affected by negative sentiments engulfing regional stock markets, following concern on radiation leakage from nuclear-fire power plants in Japan.
Technically, the JCI yesterday was engulfed by massive sell off. All sectoral indexes declined with the biggest loss in financial and plantation sectors. Foreign investors recorded Rp43 billion net sell.

Sinarmas Sekuritas:
The JCI technically is predicted to lower and move at the range of 3,450-3,564 today. Stocks to watch: INTP, ROTI, INDF, and  UNTR. The JCI may be affected by negative sentiments of global stock markets, especially Japanese stock marker and lowering commodity prices such as metals and CPO.

Panin Sekuritas:
The index may move at the range of 3,495-3,540 today with top picks: CPIN, SMGR, and BMRI. The plunge on Nikkei dragged down regional stock markets. Impact from disaster in Japan and concern on radiation leakage are still shadowing Asia stock markers in next few days. But, it is open for trading on oversold blue chips.
 
Disclosure: No position at the stock mentioned above. 

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