JAKARTA (TheInsiderStories) - Indonesian shares are expected to be mixed today, as some players may opt for buying selected stocks, as sentiment boosted by news on trade surplus recorded in September. Some market players may however refrain from trade aggressively, awaiting for strong new leads, analysts say.
On Monday (Oct. 17), the Jakarta Composite Index ended up 10 points or up 0.19 percent at 5,410 with transaction value reaching Rp4.8 trillion. Six sectoral indices rose led by agriculture and mining sectoral indices, while miscellaneous, property and basic industry stocks indices declined.
As many as 165 stocks increased, 141 stocks declined and 94 were unchanged.
On Monday, the Central Bureau of Statistic announced that Indonesia recorded trade surplus of US$1.21 billion in September driven by lower imports.
Bahana Securities projected that the JCI could move mixed today, moving within range of 5,375 points support level and 5,450 resistance level.
“Stocks to watch are including BMRI, BBCA, SRIL, TELE, and BWPT.
At market closing yesterday, the rupiah was trading at Rp13,069 to the US dollar. Today, the rupiah is expected to hover between Rp12,900-13,100 to the US dollar, said Bahana Securities. (*)