JAKARTA (TheInsiderStories) - The shares trading on the Indonesian Stock Exchange is expected to be flat today, as investors are on the look out for fresh incentives, with some players may be hesitated to make aggressive moves ahead of the weekend, analysts say.
“On Friday, the JCI is expected to move flat, with a tend to go up slightly, moving in a range of 5,350-5,415 points,” Bahana Securities said in its investors note. Stocks to watch it said, are including BJTM, BBTN, KLBF, MAIN and SRIL. Banking stocks may extend their gains on hopes of improved performance.
On Thursday (Feb 9), the Jakarta Composite Index (JCI) closed down 0.20% at 5,372.08. Year-to-date, the JCI has risen 1.42% and rose 1.47% since early February, indicating that the JCI is still on the upward trend in the medium term.
Foreign investors remained as the drivers of the buying accumulation in some stocks, offsetting declines in consumer, trade and mining stocks. Foreign investors, on Thursday, were nut buy, amounting to Rp887.4 billion in regular market.
As many as 177 stocks rose, 153 decline, 10 were unchanged and 236 stocks were untraded.
The rupiah was trading at Rp13,284 per USD or rose 0.32%. The rupiah has lost its value by 0.51% since end January and fell 1.40% since end December.
Five stocks that drove the JCI on Thursday:
SMGR (+4.05%)
BMRI (+2.23%)
BBNI (+1.22%)
INTP (+0.79%)
KLBF (+0.34%)
Stocks that were bought by foreign investors:
BBNI (Rp322.9 M)
BBCA (Rp235.1 M)
BMRI (Rp160.7 M)
ASII (Rp64.4 M)
CTRA (Rp59.4 M)
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