JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade mixed today, with gains in selected stocks would be offset by falls elsewhere as some investors may opt for profit-taking following recent weeks rally.
On Tuesday, the Jakarta Composite Index (JCI) closed down 18.686 points or up 0.34 percent to 5,440.293. Meanwhile, LQ45 index fell 4.440 points or down 0.47 percent to 936.329. Seven sectors indices fell, while rose, with miscellaneous industries recorded the biggest decline by 1.93 percent. Basic industry index recorded the highest increase by 2.24 percent.
As many as 139 sharesrose, 170 fell and 100 stocks were stagnant. As many as 8.901 billion shares changed hands valued at Rp8.78 trillion.
Asjaya Indosurya analyst William Surya Wijaya said technically the JCI is projected to trade within support level of 5,404 and resistance level of 5,500.
He said the JCI is still showing uptrend, however there could be healthy corrections along the way. He however still believes the JCI could go up today.
Today’s menu :
- PGAS
- UNVR
- INDF
- LSIP
- BBNI
- ASII
- MYOR
- PWON
- ASRI
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