May 26, 2011

Stock recommendation today

The rising concern on global economic downturn overshadows the movement of Jakarta Composite Index (JCI) as the issue had been negative sentiment that curbed the gain in indices, both regionally and globally, yesterday. 
A number of securities believe the index to consolidate today. Here are stock recommendations provided by Bisnis Indonesia daily today:

Sinarmas Sekuritas:
Today we estimate that the JCI may move mixed with tendency to slow down within the 3,765-3,791 range. The market will anticipate European debt crisis. We recommend shares like TLKM, BORN, ADRO, and INDF.

e-Trading Securities: 
The JCI estimates a rebound in the index if it does not break from support channeling at 3,760 and move between 3,760-3,805. Stock to watch ASII, ASGR, and INDY.

Disclosure: No position at the stock mentioned above.  

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