JAKARTA (TheInsiderStories) - Good Morning, Jakarta Composite Index (JCI) is expected to move higher in the range of 5,250-5,325 with stocks that may be considered like PGAS, PWON, BBNI, CPIN, and ISSP, said Bahana Securities.
Yesterday, the composite index closed at 5,275.97 or weakened 0.39% against the previous closing (-0.39% mtd; -0.39% ytd). Almost all sectors experienced a decline led by plantation and mining sector, leaving only increase.
Foreign investors recorded a net sell Rp81,6 billion in the regular market (net sell Rp81,6 M mtd; net sell Rp81,6 M ytd). A total of 134 stocks rose, 189 stocks declined, 49 stocks unchanged and 208 shares not experience trading.
In this morning the Rupiah opened up 0.07% or 9 points to Rp13,467 per US dollar. Previously, Rupiah was closed at Rp13,437 per US dollar rose 0.21% against the previous close (+ 0.05% mtd; + 0.05% ytd) after trading at around Rp13.452 - Rp13.496 per US dollar.
Meanwhile, the majority of currencies in Southeast Asia observed to weaken. Thailand’s baht fell 0.10%, Malaysian ringgit weaker 0.17%, Singapore dollar appreciated by 0.10%, and the Philippine peso weakened 0.22%.
Panin Securities Research analyst Purwoko Sartono sees Rupiah will move in the range Rp13,300-13,500 on Wednesday.