JAKARTA (The InsiderStories) - William Surya Wijaya, analyst from PT Asjaya Indosurya Securities sees the Jakarta Composite Index (JCI) will move in the range of 5,171 to 5,302 today. While, Daewoo Securities estimate JCI will try to move in the range of 5.170 to 5,240.
William said, JCI seen still within the range of consolidation ahead of the end of 2016 with the upward momentum despite the pressure of the fluctuations in commodity prices still influence the motion patterns. He recommended KLBF, BBNI, ADHI, JSMR, PGAS, LSIP, BBCA, SMCB and WTON stock today.
On Monday, JCI down -39 points (-0.76%) to 5,191 after moving between 5190-5240. As many as 96 stocks rose, 207 stocks down, 100 stocks did not move, and 166 shares not traded.
The investors transaction recorded Rp5.72 trillion, consisting of regular transactions and negotiations Rp1.66 trillion and Rp4.06 trillion. On the regular market, foreign investors posted a net buy Rp821.9 billion.
Eight out of 10 sectoral indices fell, led by consumer goods sector is down -1.63% and basic industries were down -1.6%. From Asia, the majority of stock index corrected. Nikkei225 index in Japan fell -0.05%, South Korea’s Kospi fell -0.19%, and the Hang Seng in Hong Kong fell -0.85%.
The majority of European stock markets also weakened since it opened this afternoon. British FTSE100 index down -0.05% and the CAC in France fell -0.22%, while the DAX in Germany gained + 0.22%.
In the foreign exchange market, Nizar Hilmy from SoeGee Futures analyst, said the rupiah was in a consolidation phase, so there will be a sharp increase or decrease. Today (20/19), he predicts Rupiah will move in the range of Rp 13,350 to Rp 13,450 per US dollar.