Apr 15, 2011

Stock recommendations today

Jakarta Composite Index (JCI) is to fluctuate today after weakening by 0.71% to 3,707.98. The index fell yesterday, tailing the decline in regional markets that led investors to sell their holdings in bluechip shares. Here are stock recommendations provided by Bisnis Indonesia today:

Reliance Securities:
The index may possibly strengthen 3,700-3,740. Stocks to watch: BUMI, ASGR, and AUTO with sell recommendation. Technically in short term, the JCI may enter consolidation period.

Panin Sekuritas: 
The JCI may move mixed at 3,691-3,718, with recommended shares like BJBR, SGRO, and ADHI.
e-Trading Securities: 
The index to move between 3,651–3,728 and recommends 'buy' on shares like TLKM, PTBA, and SMGR.

Sinarmas Sekuritas: 
The brokerage sees the potential for index to extend its bearish condition and move between 3,687-3,750 today. The to-be-announced Chinese inflation rate may influence the index's movement. The recommended shares are TLKM, BJBR, BBKP, and ROTI.

Woori Korindo Securities: 
It says that the index may extend its decline today on condition that regional markets are still bearish.

Disclosure: No position at the stock mentioned above.
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