JAKARTA (TheInsiderStories) - Indonesian shares are expected to go up on ongoing technical rebound following last week’s falls. However, the gains could be limited as investors are still cautious on global market slump, partly due to concerns on the impact of the Brexit vote.
On Tuesday, the Jakarta Composite Index (JCI) closed up 46.12 points at 4,882.17 on technical rebound and market expectations that the impact of Brexit vote should be limited.
William Surya Wijaya, an analyst with PT Asjaya Indosurya Securities said technically the JCI is projected to move within range of support level of 4,817 and resistance level of 4,921 points.
He said the JCI also is expected to go up on remaining upbeat on Indonesia’s economic stability and hopes that the tax amnesty policy should bring about positive impact on Indonesia’s economy.
“Market players are now starting accumulating stocks. The JCI shows signs of uptrend,” he said.
Today’s menu :
- WTON
- KLBF
- JSMR
- BBNI
- BBCA
- TBIG
- UNVR
- INDF
- PGAS
- TLKM
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