Apr 4, 2011

Stock recommendations today

Profit takings may shadow Indonesia stock benchmark today after the benchmark gained on Friday last week. Stocks to watch: SMGR, ADRO, and ITMG. Here are recommendations provided by two stock brokerages as quoted by Bisnis.com today:

e-Trading Securities:
Jakarta Composite Index (JCI) is estimated to move at the range of 3,743-3,650. Stocks to watch: ITMG, ASII, and SMGR. Last week, the JCI gained 0.78% or 28 points to the level of 3,707.49. The release of inflation data could be positive sentiment to the index last week. Stocks accumulation made by foreign investors may continue today. Net buying transaction by foreign investors recorded Rp588 billion.

Sinarmas Sekuritas:
The JCI today may move in mixed position, while profit taking  is estimated to arise. The JCI is predicted to move at the range of 3,687-3,729. The US unemployment data will spur sentiment to the JCI. Stocks to watch: ADRO, ITMG, PTBA, and SMGR.

Disclosure: No position at the stock mentioned above.
 
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