Jun 14, 2011

Stock recommendation today

Jakarta Composite Index (JCI) tends to move lower today on the back of negative impacts from the global economy and markets. Here are stock recommendations provided by Bisnis Indonesia daily:

Panin Sekuritas: 
The regional stock markets movement is still shadowed by the concern of uncertainty in the US economy recovery and Europe. We estimate that the sell-off engulfing the JCI today is fading. Despite lack of positive sentiments, the index may move within the range of support-resistance level of 3,722-3.763.

Sinarmas Sekuritas: 
The index technically may move lower within the range of 3,722-3,780. The uncertainty of the global economy recovery still spreads negative sentiments. Stocks to watch: BDMN, SMGR, TINS, and EXCL.

Minna Padi Investama:
The JCI is predicted to stay at the support level of 3,729. Investors should watch the following drop as lack of positive sentiments. The JCI yesterday dropped 1.03% to 3,748.76. Several stocks to watch: BMRI, INDF, and BBRI.

Disclosure: No position at the stock mentioned above.

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