May 4, 2011

Stock recommendations today

Jakarta Composite Index (JCI), a benchmark for all stocks price at Indonesia Stock Exchange (IDX), is estimated to weaken today after it downed 0.92% to 3,813.87. Several stocks could be watched such as BMRI, BUMI, and GGRM. Here are stock recommendations provided by Bisnis.com today:
Reliance Securities:
The JCI may continue the downward and move at the range of 3,780-3,820. Several stocks such as LSIP & BMRI could be alerted with a sell recommendation.

Panin Sekuritas:
We estimate that the index may swing in a mixed position with downward possibility at the range of 3,794-3,839. However, the JCI yesterday was engulfed with profit taking actions, following pattern of regional markets.
Investor preferred to put its gain in safe, despite positive sentiment spreading into the market after companies announced its quarterly performance and deflation. 

e-Trading Securities:
The index is estimated to swing at the range of 3,773-3,849 with several stocks could be alerted such as UNTR, INDY, and BUMI. It yesterday weakened 0.92% or 35 points to 3,813.87 after profit taking actions inundated the market, abandoning positive catalyst both from local and overseas. Foreign investor recorded a IDR158 billion net buying.

Sinarmas Sekuritas:
The JCI technically tends to weaken at the range of 3,795-3,840. The movement was spurred by regional markets. UNTR, GGRM, JSMR, and MYOR could be watched.

Disclosure: No position at the stock mentioned above.  

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