JAKARTA (TheInsiderStories) - Indonesian shares are expected to be mixed today due to lack of strong leads that may encourage players to accumulate stocks. Some market players however may make selective buying on upbeat on the progress of tax amnesty program.
On Monday, the Jakarta Composite Index (JCI) closed lower by 37 points (-0,68 percent) at 5,352.14. The transaction value reached Rp3.8 trillion. Seven sectoral indices declined led by miscellaneous industry, mining, consumer and property sectoral indices. Only infrastructure and agriculture sectoral indices that recorded a rise.
As many as 102 stocks increased, 203 declined and 84 were unchanged. Leading the declines were UNTR, CPIN, ASII, GGRM and PWON.
Bahana Securities said in its morning notes that the JCI today (Sept 27) is expected to move within support level of 5,325 and resistance level of 5,375. “The shares trading is likely to be mixed, moving within 5,325-5,375 points,” it said.
Stocks to watch are including PGAS, TBLA, BJBR, MYRX and WSKT. (*)