JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade mixed today as some market players are cautious due to volatility of commodity prices. Some market players, however, may opt to buy selected stocks that show encouraged financial performance so far this year.
On Wednesday, the Jakarta Composite Index (JCI) closed down 51 points or 0.94 percent at 5,420, partly pressured by falls of Euro zone stocks. As many as 81 stocks increased, 206 shares fell and 86 stocks were unchanged.
Trading value reached Rp6.29 trillion. Ten sectoral indices fell, led by miscellaneous stocks which plummted by 1.75 percent and mining lost 1.63 percent.
In Asia, most indices end ed mixed. Nikkei225 index in Japan rose 0.5% and Hang Seng in Hong Kong rose 0,42 percent, while Kospi South Korea weakened 0.09 percent.
In forex market, rupiah lost 20 points (-0,15%) to Rp12,998 per US dollar, after moving in a range of Rp12,964-Rp13,025, Mandiri Sekuritas noted.
Asjaya Indosurya said technically the JCI is estimated to move within support level of 5,411 and resistance level of 5,502. “JCI is still in consolidation mode with support level at 5,411 points. Any corrections could be seen as a momentum to buy selected stocks,” it said in a morning notes to investors.
It said the JCI is still undermined by volatility of commodity prices in the global market.
Today’s menu :
- BBNI
- ADHI
- PGAS
- JSMR
- SMMT
- TBIG
- TLKM
- WIKA
- WTON
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