Oct 13, 2011

Stock recommendations today

Stocks finished with strong gains amid optimism about plans to recapitalize euro-zone banks. The Dow Jones Industrial Average, as reported by Wall Street Journal, advanced 102.55 points, or 0.9%, at 11,518.85. 
The Standard & Poor's 500-stock index climbed 11.71 points, or 1%, to 1,207.25, and the Nasdaq Composite advanced 21.70 points, or 0.8%, to 2,604.73. With the gains, the Dow is up 5.6% this month, the fifth-best start to October since 1,900, and is down just 0.5% on the year. During Wednesday's session, the Dow rose 209 points, putting it into positive territory for the year, before dropping in the final hour. How about Indonesia market today?

e-Trading Securities:
Today, Jakarta Composite Index (JCI) is estimated to move mixed within the range of 3,579-3,673. The indicator has shown overbought and be careful on profit taking. Several stocks to watch: TINS, ANTM, and BUMI.

Sinarmas Sekuritas:
Technically, the JCI tends to move within the range of 3,590-3,690 today. Several stocks to watch: UNTR, BJBR, JPFA, and BSDE.
Minna Padi Investama:
The index is estimated to move in the range of 3,591-3,706 today. Massive capital inflow may bring index to rise. Several stocks to monitor: BDMN, PGAS, and PTBA. 

Panin Sekuritas:
The index tends to move within the range of 3,593-3,659 today.  Yesterday, the index continued its gain, underpinned by domestic's economic fundamental. 

Disclosure: No position at the stock mentioned above.

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