Apr 20, 2011

What is in the shopping list today?

Indonesian stock benchmark today is estimated to enroll consolidation stage after it slightly gained despite the gloomy regional stock markets. Several brokerage houses pick their own stocks such as BDMN, JSMR, UNVR, BMTR, TLKM, INDF, BLTA, EXCL, INTP, dan TRUB.

Sinarmas Sekuritas:
Jakarta Composite Index (JCI) technically may move in mixed position with possibility to increase at the level of 3,705-3,746. Stocks to watch: UNVR, INDF, MEDC, and ASII.

Reliance Securities:
The index technically is moving within consolidation stage and we estimate the JCI may move to the level of 3,700-3,740. If the JCI breaks 3,700, it signals a bearish trend in the short term. The JCI may move to the level of 3,680. Stocks to watch: BDMN, JSMR, and UNVR.

eTrading Securities:
The JCI may move to the level of 3,682-3,760 with several stocks to watch: JSMR, BMTR, and TLKM.

Panin Sekuritas:
The index is estimated to move at the range of 3,622-3,650. Top picks: INDF, BLTA, EXCL, and INTP. Negative sentiments of the US outlook revised by S&P could be a negative catalist for the regional stock markets yesterday. For the whole yesterday, the JCI lowered. But, consumer stocks and infrastructure stocks underpin the index to the positive area.

Erdikha Sekuritas:
We estimate the JCI may move at the range of 3,705-3,719 with recommended stocks: BLTA and TRUB.

Disclosure: No position at the stock mentioned above.

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