Jun 8, 2011

Stock recommendation today

Jakarta Composite Index (JCI) may consolidate today as transactions are relatively thin and the investors are expecting more information from regional macro economy. Here are stock recommendations provided by Bisnis.com today:

Panin Sekuritas: 
Investors will anticipate regional macro economic data following the prolonged European debt crisis and expectation for Chinese rate hike. We predict the indext to move sideways at support-resistance level of 3,832-3,859. We recommend 'buy' on shares like ASII, INDF, and GJTL.
Yesterday, after facing escalated selling pressure, JCI managed to reverse loss and made a slight rebound in closing session on rising blue chip shares, the securities company noted.
Minna Padi Investama: 
The index is to move flat in the range of 3,812-3,857, as investors tend to wait and see for sort of rebound on Wall Street stocks. It recommends BMRI, BBNI, and BUMI.

Sinarmas Sekuritas: 
It yet sees possibility for the index to move mixed today in the range of 3,825-3,852. Regional moves will still be catalyst to the Jakarta stock index. It suggests to monitor ASII, UNTR, BWPT, and GJTL. 

Disclosure: No position at the stock mentioned above.
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