JAKARTA (TheInsiderStories) - PT Asjaya Indosurya Securities sees fluctuations in the exchange rate ahead of the end of the year and commodity prices will continue to overshadow the current motion pattern of Jakarta Composite Index (JCI). The analyst William Surya Wijaya predicted, today JCI will move in the range 5,152 to 5,336.
“JCI is likely to strengthen todaythe support level 5,152 looks strong enough tested, opportunities for the accumulation of purchases can be made investors during a correction fair amid the trip up from JCI today,” He said .
William recommended JSMR, PGAS, BBNI, INDF, ASII, BBNI, TLKM, UNVR and AALI as menu for today.
Yesteday, JCI closed at 5272.96, or up 0.09% against the previous closing (-2.76% mtd; + 14.80% ytd). The increase today bolstered domestic investors bought banking stocks amid preparations window dressing and anticipation government spending in 4th quarter 2016.
Foreign investors recorded a net sell Rp289,2 billion in the regular market (net sell Rp817 M mtd; net buy Rp8.7 T ytd). A total of 169 stocks rose, 153 stocks declined, 72 stocks unchanged and 183 shares not experience trading.
On the money market, Bahana Securities economist Fakhrul Fulvian said Rupiah appreciation is in line with the re-entry of foreign capital, especially to the bond market and will continue today. Yesterday, the Rupiah closed at Rp13,349.00 per US dollar or rose 0.68% against the previous close (+ 2.57% mtd; -2.91% ytd).