JAKARTA (TheInsiderStories) - Composite stock price index (JCI) is likely to strengthen an move in the range 5,088 - 5,291, said Asjaya Indosurya Securities. While, Mandiri Sekuritas predicted index to be higher and move within the range 5,071-5,211 on Thursday. Earlier, the index closed up 12 points or 0.24 percent at 5,148.
“The release of economic data, inflation will be launched today, still has the potential to be under control, this may indicate that Indonesia’s economic fundamentals are still visible in a stable condition, so that the potential increase in movement patterns JCI still looks quite large, the support level of 5088 looks pretty strong tested with target resistance at the level of 5291,” William Suya Wijaya said.
He recommended JSMR, PGAS, UNVR, INDF, ICBP, BBNI, TBIG, ASRI and PWON stocks today. Mandiri recommended stock is considered to be observed today are SMRA (SPEC BUY), GIAA (SPEC BUY), TINS (SPEC BUY) and HRUM (SELL).
On the money market, Rupiah opened down 0.18% or 24 points to Rp13.579 per US dollar this morning. Earlier, the rupiah closed up 0.04% or 5 points to Rp13.555 per US dollar after trading at around Rp13.512 - Rp13.573 per US dollar.
Throughout today’s trading, the rupiah continued to fluctuate and move alternately strengthened and weakened. However, the rupiah can finally ended higher.
Yesterday, on the global market, US stock indices closed higher on varies. DJIA 0.01%, S & P500 and the Nasdaq -0.27% -1.05%. European stock markets closed positive. The FTSE in the UK was 0.17%, German DAX 0.19% and the CAC in France 0.59%.
From Asia, Japan’s Nikkei index at 0.01%, the Hang Seng index in Hong Kong 0.23% and Shanghai SSE index -1.00%.
Gold closed at US $ 1,173 per troy ounce, or -1.42%. Crude oil (OIL WTI) closed at US $ 49.44 per barrel, or 9.31%.