JAKARTA (TheInsiderStories) - Indonesian shares are expected to move flat today with potentiality to go up later in the day on technical rebound. Mining stocks could lead the gains on the back of rebound of crude oil price in the global market.
On Tuesday, the Jakarta Composite Index (JCI) ended lower 64.769 points or down 1.33 percent at4,814.093, while LQ-45 fell 14.820 points or down 1.75 percent at 830.830.
Overnight, Wall Street ended slightly higher with Dow Jones Index gained 13.08 points 0r up 0.07 percent at 17,990.2, S&P 500 Index gained 3.91 points or up 0.19 percent at 2,091.7, while Nasdaq Index fell 7.48 points or down 0.15 percent at 4,888.31 points.
William Surya Wijaya, head of research of PT Asjaya Indosurya Securities said technically the JCI is expected to move within support level of 4,774 points and resistance level at 4,881 points today.
“The decline of shares could be used some investors to accumulate some stocks certainly with calculated planning,” Wijaya said.
Investors also are eyeing on the financial results of listed companies for first quarter. “The next resistance target is 4,881. Today, the JCI has the potentiality to strengthen,” he noted.
Today’s menu according to Indosurya :
- BBNI
- AKRA
- WIKA
- PGAS
- JSMR
- PPRO
- SMCB
- BWPT
- LSIP
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