Dow Jones Industrial Average on last Friday inched up 1.13% to 11,269.02, while European stock benchmark index rose. FTSE 100 index soared 3.04% to 5,230.03, CAC 40 surged 4.02% to 3,213.99, and DAX climbed 3.45% to 5,997.74.
Despite the positive movement of the global indexes at end of last week, foreign funds flow from Indonesia stock market reached US$388.7 million last week, which was relatively low compared to that in South Korea and Taiwan stock markets of US$2.91 billion and US$4.41 billion. Foreign funds flow from Thai and Philippine markets reached US$619.3 million and US$107.2 million. Here are stock recommendations provided by Bisnis Indonesia today:
Jakarta Composite Index (JCI) may continue further gains today and in the next 2 or 3 days. Support level and resistance are 3,849 and 3,909. Stocks such as ANTM, BBNI, GGRM, INKP, LSIP, and TINS may continue further gains.
Minna Padi Investama:
The JCI today may move within the range of 3,803-3,947. The negative sentiments from economic crisis in the US and European countries may abate. Stocks to watch: MPPA, UNVR, and INDF.
Technically, the index may swing with uptrend position in the range of 3,855-3,926 today. Stocks to watch: BDMN, SMGR, CPIN, and INCO.
Today, the JCI may continue further gain and move in the range of 3,793-3,848 with several stocks to watch: CPIN, BBCA, and AALI. Last week, the index inched 0.55% to 3,890.53 with total transaction of Rp5.3 trillion. Foreign investors booked a Rp395 billion net sell.
Disclosure: No position at the stock mentioned above.
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