JAKARTA (TheInsiderStories) - Jakarta Composite Index (JCI) is expected to move in mixed tend to strengthen the range of 5,123-5,210 with stocks that may be considered like ICBP, CPIN, UNTR, KLBF, and HMSP, Bahana Securities said. While Rupiah is expected to move the range RP13,350-13,400 with a tendency to strengthen after closed in a lower level of Rp13,409 on Friday.
Last week, JCI (18/11) closed down 23 points (-0.44%) to a level of 5170.11 with the value of transactions in the regular market amounted to 4.1 trillion rupiah after the currency weakened again and the correction in commodity prices.
Sectors that experienced an increase basic industry + 0.22% and misc-industry + 0.16%. Sectors that declined are finance -0.09%, consumer -0.10%, property -0.19%, infra -0.69%, agri -1.27%, trade -1.77% and mining -1.90%.
A total of 106 stocks rose, 176 stocks declined, 81 stocks unchanged and 215 shares not experience trading. Stocks that become ballast exchange are UNTR -2.74%, CPIN -1.76%, LPPF -1.46%, KLBF -1.01% and ADRO -0.99%
Net foreign registered to SELL in the regular market of Rp106,6 billion of stocks sold foreign such as TLKM, ASII PTBA, SCMA, and UNTR.
Technically, JCI reasonable technical correction to test support MA5. Buying at the end of the session 2 is made longer lower shadow indicates a potential rebound on Monday. Stochastic is positive while RSI and MACD flat.