JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade mixed with potentiality to go up later in the day after the Central Bureau of Statistics (BPS) announced remained under control in September. Some market players may move for buying selective stocks on hopes more capital inflow will enter the market driven by tax amnesty program.
On Monday, the Jakarta Composite Index closed up 99 points or surged 1.85 percent to 5,463.91 points with transaction value reaching Rp4.8 trillion. All sectoral indices increased led by basic industry, mining, consumer and miscellaneous industries. As many as 205 stocks rose, 121 declined and 77 shares were unchanged.
Among stocks that increased were CPIN, INDF, GGRM, HMSP and LPPF.
Bahana Securities said in its morning notes that the JCI could move mixed today, hovering within range of 5,450 (support level) and 5,500 resistance level. Among stocks to watch are AALI, KAEF, LSIP, SMBR, UNVR, WIKA and WSBP.
The rupiah was trading at Rp12,983 to the US dollar at the market closing on Monday and likely to move within Rp12,900-13,100 to the US dollar today. (*)