The Insider Stories Morning Notes: JCI in mixed tend, Rupiah remains under pressure

JAKARTA (TheInsiderStories) - Jakarta Composite Index (JCI) is expected to move in mixed tend to strengthen the range of 5,123-5,210 limited by shares that can be considered such as BBTN, BSDE, PTBA, SMRA, and WIKA, said Bahana Securities. While, Rupiah closed lower to a level of 13 435 and today (23/11) is expected to move the range Rp13,350 to Rp13,450 with a tendency to strengthen.

Otherwise Rully Arya Wisnubroto, Money Market Analyst from Bank Mandiri, said that, based on the domestic political conditions un-stabilized, the financial markets and Rupiah will remain under pressure between Rp 13,380 to Rp 13,460 against US dollar. He said, rupiah will stir between Rp 13,380 to Rp 13,460 per US dollar.

JCI (22/11) closed up 56 points (+ 1.09%) to a level of 5204.67 with the value of transactions in the regular market amounted to Rp5.7 trillion compelled mining stocks after oil prices will rebound after the market optimism that OPEC will limit quota production members.

Sectors that experienced an increase are mining + 3.25%, consumer + 2.18%, property + 1.32%, basic industry + 1.02%, agri + 0.99%, finance + 0.80%, Infra + 0.78% and trade + 0.43% while sectors that declined is misc-industry -1.54%

A total of 218 stocks rose, 100 stocks declined, 74 stocks unchanged and 186 shares not experience trading. Stocks that pushed the stock like ADRO + 5.88%, HMSP + 5.56%, PGN + 5.00%, CPIN + 3.65% and UNTR + 3.13%. Net foreign registered to SELL in the regular market of Rp402,8 billion of BBCA, ASII, BBRI, LPPF, and TLKM stocks.