JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade mixed today ahead of the weekend. Some investors likely to continue to accumulate selected stocks that are expected to show improved performance this year, while others may refrain from making aggressive moves, awaiting for fresh leads.
Reliance Securities said in its notes to investors that the Jakarta Composite Index (JCI) is expected to be mixed today, moving within range of 5,636 support level and 5,684 support level.
Stocks to watch, it said, are including BMRI, ITMG, JPFA, PGAS and PTPP.
On Thursday, the JCI closed up 22.07 points or up 0.39 percent at 5,669, after moving within 5,643-5,676 points.
The total transaction value reached Rp12.04 trillion. As many as 129 stocks rose, 197 declined and 90 stocks were unchanged. Meanwhile, foreign investors were net buy of Rp800.46 billion. Six out of 10 sectoral indices strengthened.
Majority of Asian stocks closed in positive zone on Thursday, with Kospi in South Korea gained 0.97 percent, Hang Seng in Hong Kong fell 0.05 percent and BSE 30 India added 0.78 percent. (*)