Mar 9, 2012

Stock recommendations today

Wall Street posted solid gains for the second day in a row, with the broad S&P 500 jumping nearly 1%, amid optimism Greece may be nearing a conclusion to the months long debt-exchange saga. 
The Dow Jones Industrial Average, as quoted by foxbusiness.com, climbed 70.6 points, or 0.55%, to 12908, the S&P 500 gained 13.3 points, or 0.98%, to 1366 and the Nasdaq Composite rose 34.7 points, or 1.2%, to 2970.
The rally on the day was quite broad, with several sectors posting big gains. Some of the best performers could be found within the materials, industrial, healthcare, technology and financial sectors. Meanwhile, safety plays like utilities and consumer staples rose more modestly. Volatility plummeted more than 5% and traders kept moving out of safe-haven assets. Indeed, the yield on the 10-year note rose 0.043-percentage point to 2.014%. How about Indonesia stock market today? Bisnis Indonesia provides recommendations:

Panin Sekuritas:
Jakarta Composite Index (JCI) today is estimated to continue its rise. The support-resistance level today is within 3,940-4,000. Top picks CPIN, HRUM, ADMG, TSPC, and INDF.

e-Trading Securities:
Today, the JCI may move within the range of 3,929-4,004 with downtrend possibility. Several stocks to watch: HRUM, ASII, ITMG, and JPFA.

Minna Padi Investama:
Today, the JCI may continue its rise at the resistance level of 4,008. Several stocks to watch: BMRI, HRUM, and INDF.

Sinarmas Sekuritas:
Technically, the index may move within the range of 3,950-4,004. Stocks for day trading: BMRI, UNVR, LSIP, and PTBA.

Disclosure: No position at the stock mentioned above.

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