Apr 6, 2011

Stock recommendations today

Profit taking actions are estimated to lower today after Jakarta Composite Index (JCI) retreated 0.38% or 14 points to 3,685.94. Several stocks could be watched today: UNVR, KRAS, and SMCB.

e-Trading Securities:
The JCI is predicted to move at the range of 3,640-3,712. Stocks to watch: UNVR, KRAS, and SMCB. The index yesterday lowered 0.38% or 14 points to 3,685.94 with 6.5 million lots of daily transaction worth IDR3.5 trillion. About 88 shares rose, 122 shares fell, 95 shares ware unchanged, and no transactions were made on the remaining.

Panin Sekuritas:
The sell-off engulfed the JCI yesterday is estimated to abate today. The index may move at the range of 3,662-3,700. Investor yesterday continued profit taking actions after the index rallied in the short term. Investor prefers to take profit taking as no positive sentiments to lift up the JCI. The sell-off yesterday engulfed banking stocks, mining, and property.

Disclosure: No position at the stock mentioned above.

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