Jakarta Composite Index (JCI) will consolidate today on the absence of positive sentiment. Yet, it is recommended for hunting blue chip shares on weaknesses. Here are stock recommendations provided by Bisnis.com today.
Minna Padi Investama:
The index is predicted to stay at level support of 3,791 after slipping 0.51% to close at 3,806.19 yesterday on rising selling pressures from foreign investors.
Beware of extended correction today as positive sentiment is still at minimum, particularly from US and European economic data. Yet there is oppotunity to buy on weakness on shares BMRI, BBRI, and BBNI.
The brokerage estimates the index to consolidate with tendency to weaken in limited range. Less positive sentiment will limit the market rebound. Besides, investors are anticipating news on fuel hike, due to piercing crude price at international market. The support-resistance level is at 3,786-3,819," the securities company said.
Disclosure: No position at the stock mentioned above.
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