Jakarta Composite Index (JCI) slightly inched 0.44% to 3,829.96 on Friday last week. The JCI is estimated to face selling pressure this week. How about the market today? Here are stock recommendations provided by Bisnis Indonesia today:
The JCI may suffer selling pressure this week. Sentiments from Europe may shadow the domestic market. The index may move within the range of 3,790-3,900.
Today, the JCI may experience potential correction and move within the range of 3,761-3,875. Several stocks to watch: JPFA, MYOR, and INCO. Last weekm foreign investor recorded a Rp893.8 billion net buying.
The index technically may rise in a limited move within the range of 3,803-3,855. Taking profit may emerge. The September's financial statement will provide sentiments into the market. Several stocks such as MYOR, ITMG, SMCB, and BBKP could be monitored.
Disclosure: No position at the stock mentioned above.
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