Apr 21, 2011

What is in the shopping list today?

Indonesian stock benchmark is projected to have an opportunity to continue its gain today, despite a possible profit taking which may hamper Jakarta Composite Index (JCI) movement. The long holiday at end of this week may encourage investor to take profit on several stocks today after the JCI rose to the highest level of 3,794.76 in the last 1 year.
Several stocks such as BLTA, BMRI, and INDF could be watched. Here are stock recommendations today as quoted by Bisnis Indonesia:

Panin Sekuritas:
 The JCI today has a chance to gain, breaking the level of 3,800 today. The index is estimated to move at the range of 3,759-3,818. The take profit by investor may overshadow the index movement on the back of upcoming long weekend. Stocks to watch: INDR, BLTA, INTA, and BMRI.
The index yesterday broke the new highest record, which was in line with April's deflation rate expectation as well as anticipation of the first quarter's financial performance. The impact of the US prospect revised by Standard & Poor's has been gradually abated.
e-Trading Securities:
The index today may move at the range of 3,752-3,824 with several stocks to watch: INDF, INTP, and ASII. The JCI yesterday rose 1.66% or 62 points to the highest level of 3,794.76 in the last 1 year. Stock deal volume reach 1 million lots (1 lot equals 500 shares) with a value of IDR5.9 trillion. Foreign investor recorded a IDR442 billion net buying.

Sinarmas Sekuritas:
The JCI today may continue to rise at the range of 3,765-3,815. Stocks to watch: ASII, AALI, BBRI, and INCO. (wiw)

Disclosure: No position at the stock mentioned above.

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