JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade mixed today as market players are awaiting for the announcement of Bank Indonesia policy rate (BI 7-day repo rate). Market players are also likely to target stocks that are likely to announce positive third quarter results.
On Wednesday, the Jakarta Composite Index (JCI) ended lower 21 points (-0.38 percent) at 5,409.29 points, with transaction value in regular market amounting to Rp4.8 trillion.
Seven sectoral indices declined led by agriculture stocks index, while mining and trade sectoral indices increased. As many as 105 stocks rose, 204 declined and 91 were unchanged, while 225 stocks were untraded.
Among stocks that were actively traded were CPIN, PGAS, HMSP, ASII, and INDF. Among stocks that were offloaded by foreign investors were PGAS, UNVR, UNTR, LPKR, dan INDF, Bahana Securities said.
Bahana said it expects the JCI to be mixed today, and possible weaken later in the day. The JCI is projected to move within 5,400-5,450 ranges. Stocks to watch, according to Bahana, are including BMTR, BBNI, TLKM, RALS and SRIL.
The rupiah is projected to move within Rp12,900-13,100 to the US dollar today. On Wednesday, the Rupiah was traded at 13,008 to the US dollar at the market closing.
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