JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade mixed today with potentiality to go up later in the day amid buying interest in selected stocks. Some market players however may refrain from entering the market, awaiting for fresh leads.
On Tuesday, the Jakarta Composite Index (JCI) closed up 8 points or up 0.15 percent to 5,472.32, with transaction value reaching Rp5.2 trillion, led by automotive and consumer sectors. As many as 124 stocks went up, 181 declined and 104 shares were unchanged. Among the drivers of the market were GGRM, SMGR, HMSP, ASII and PGAS.
Bahana Securities said it expects the market to move mixed today and has the potentiality to move within tight range of 5,450 support level and resistance level of 5,500 points.
Stocks to watch are including AKRA, APLN, ASII, ERAA and MPPA.
The rupiah was trading at Rp12,978 to the US dollar at the market closing on Tuesday and likely to move within Rp12,900-13,100 to the US dollar today. (*)