U.S. stocks dropped Thursday after 3 days of sharp gains as Warren Buffett's US$5 billion investment in Bank of America failed to stoke investors' appetite for risk ahead of Federal Reserve Chairman Ben Bernanke's speech on Friday. The Dow Jones Industrial Average dropped 170.89 points, or 1.51%, to 11149.82, in a broad decline. How about Indonesia stock market today?
Today, Jakarta Stock Exchange (JCI) may move in consolidation phase today. The index may move in the range of 3,794-3,881 with sideways possibility. Stocks to watch: BBCA and KIJA.
The JCI technically may move sideways in the range of 3,813-3,866.
The index is estimated to swing in the range of 3,824-3,875. Stocks to watch: AALI, BBCA, ASRI, and TINS.
Minna Padi Investama:
The index may move within the range of 3,821-3,884. Prior to the long holiday, investors tend to reduce their portfolio. Stocks to watch: ASII, BBCA, and BBNI.
Disclosure: No position at the stock mentioned above.
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