JAKARTA (TheInsiderStories) - Indonesian shares are expected to go up today driven by capital inflow, with gains in Wall Street overnight is likely to add positive note on the local market. Market players may focus on certain stocks which have released or would release positive third quarter results.
On Monday, the Jakarta Composite Index closed up 11.755 points or up 0.22 percent at 5,420.998 points, while LQ45 ended higher 0.534 points or up 0.06 percent at 929.928 points. As many as 11.88 billion shares changed hands valued at Rp9.99 trillion.
Asjaya Indosurya said it expects the JCI to go up today, extending yesterday’s rise. The JCI, technically, is projected to move within support level of 5,372 and resistance level of 5,488 points.
“The JCI is in consolidation phase. It is trying to reach resistance level of 5,488,” it said. The selling pressure on the shares trading appears to have eased, that may encourage some market players to buy selected stocks.
Today’s menu :
- SMRA
- WTON
- ADHI
- JSMR
- WIKA
- BBNI
- ASRI
- PWON
- SCMA
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