JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade mixed today, as some investors remain hesitant to make active moves on concerns of possible US rate hikes. Some investors, however, may buy selected stocks on expected improved performance this year, analysts say.
Last Friday, the Jakarta Composite Index (JCI) ended lower 0.22% to 5,390.68 points (+0.07% mtd; +1.77% ytd). The decline was capped by a rise in banking and telecom shares.
Foreign investors were net buy, valued at Rp238.4 billion. As many as 134 stocks increased, 184 declined, 21 were unchanged and 239 stocks were untraded.
The rupiah was traded at Rp13,363 to the US dollar, edged down 0.32% from previous day (+0.20% mtd; -0.82% ytd).
Bahana Sekuritas projected the JCI to move mixed today, with a tendency to go up slightly. It expects the JCI to move within range of 5,387-5,435 points.
Stocks to watch are including BBTN, MAPI, BRPT, MMLP and ANTM. (*)
Five stocks that were the drivers of the JCI on Friday:
ADRO (-5.04%)
CPIN (-1.56%)
BBNI (-1.56%)
ASII (-1.21%)
INDF (-0.94%)
(*)