May 24, 2011

Stock recommendation today

Jakarta Composite Index (JCI), a stock benchmark that measures all stock prices at Indonesia Stock Exchange, today is expected to continue its drop. However, massive sell is abating. Here are stock recommendations provided by Bisnis Indonesia daily:

Sinarmas Sekuritas:
The JCI today may technically retreat at the 3,736-3,830 range. The index is still affected by a debt restructuring of European countries. Stocks to watch: GGRM, ICBP, INTP, and SMGR.

Panin Sekuritas:
Plunges engulfing regional stock markets dragged down the JCI yesterday. New chapter of debt crisis in several European countries as well as ressesion concern over Japan economy, and below expectation of Chinese manufacture's data might be a negative catalyst for regional stock markers, signalling slowing in the Asia economy. We see that the JCI might continue its drop today. However, the massive sell might abate. The index is estimated to swing in the support-resistance level of 3,730-3.800. 

eTrading Securities:
The JCI today is expected to continue its drop today within the range of 3,743-3,798 with several stocks to watch: DOID, BMRI, and TLKM.

Disclosure: No position at the stock mentioned above.

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