JAKARTA (TheInsiderStories) - Indonesian shares are expected to be mixed today with potentiality to go up, on capital inflow and gains in Wall Street last Friday and some regional markets.
Last Friday, the Jakarta Composite Index (JCI) ended up 18 points or up 0.35 percent at 5,353.
In medium range, the JCI is in consolidation phase at 5,300 and resistance level at 5,450.
Mandiri Sekuritas expected the JCI to move mixed with potential to go up later in the day. Mandiri expects the JCI to move within range of 5,300 support level and resistance level of 5,380.
Asjaya Indosurya expects the JCI to move within range of 5,324 and 5,458.
Last Friday, DJIA rose 0.39 percent, S&P500 added 0.42 percent and Nasdaq 0.43 percent. Euro stocks increased sharply, with FTSE surged 2.20 percent, DAX in German gained 1.42 percent, CAC in France increased 2.31 percent. The Asian stocks ended Friday mixed, with Nikkei fell 0.01 percent, Hang Seng added 0.45 percent and SSE in Shanghai fell 0.45 percent.
Asjaya Indosurya noted that market players are also looking at the progress of the government programs, including the realization of the tax amnesty program. The program is likely to undermine the JCI movement in the coming weeks or months.
The brokerage house expects the JCI has a good chance to go up today.
Today’s menu, according to Indosurya:
- INDF
- PGAS
- TLKM
- BBNI
- EXCL
- JSMR
- TBIG
- BBCA
- PWON