JAKARTA (TheInsiderStories) - Indonesian shares are expected to move sideways today as players are awaiting for fresh leads to trade.
On Wednesday, the Jakarta Composite Index ended slightly lower by 0.44% to 5,363.06. The news of lower inflation in February appeared to have been anticipated by market players.
Indonesia posted inflation of 0.23 percent in February, lower than the previous month 0.97%, led by electricity and cigarette prices, the Central Bureau of Statistic (BPS) announced.
On year on year basis, the inflation was recorded at 3.83 percent, Head of BPS, Suhariyanto said at the press conference on Wednesday (01/03).
As for today, Indo Premier Securities projected the JCI to move within range of 5,330 –5,385. The market may still be under selling pressure today, however, it remains in uptrend mode for long run, it said.
Stocks to watch are including ADHI, GJTL, SELL, SCMA. (*)