May 3, 2011

Stock recommendations today

Profit taking is estimated to shadow movement of Jakarta Composite Index today after it gained 0.78% to the level of 3,849.3. Stocks to watch: BMRI, GZCO, ITMG, and ASII. Here are stock recommendations for today as provided by

Reliance Securities:
The index technically gained yesterday after it entered an overbought area. Today, the JCI may reverse and swing to the range of 3,830-3,870 with stocks to watch: KIJA & GZCO with sell recommendation.

Panin Sekuritas:
We see the index movement in uptrend area in the short term. However, we estimate a possibility of profit taking because several stocks steeply strengthened. Today the index may move in the limited range of 3,830-3,862 with top picks such as BYAN, SGRO, and BMRI.

e-Trading Securities:
The JCI today may move at the range of 3,820-3,867 with several stocks to watch: ITMG, BMRI, and MYOR. The index yesterday gained 0.78% or 29.7 points to the level of 3,849.3 with 8.8 million lots of transaction volume (1 lot equals 500 shares) worth IDR3.4 trillion. Foreign investor recorded IDR674 billion net buying.

Sinarmas Sekuritas:
The index may move to the range of 3,830-3,864 today. Investor shall consider the profit taking. Stocks to watch: ASII, BBKP, MYOR, and ADRO.

Disclosure: No position at the stock mentioned above.

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