JAKARTA (TheInsiderStories) - Jakarta Composite Index (JCI) is expected to move mixed tend to strengthen in the range of 5,210-5,280 with stocks that may be considered like DOID, WTON, TINS, SSIA and ACES, said Bahana Securities.
While, David Nathanael Sutyanto, First Asia Capital analyst, sees the index moved in in the range of 5,120 to 5,190 today. He thinks even though JCI transaction deserted, investors are still waiting for economic data to be issued United States.
The composite Index closed at 5,231.65 or weakened 0.43% on Friday against the previous closing (+ 1.61% mtd; + 13.90% ytd). JCI depressed amid foreign selling and the weakening Rupiah make only basic industry and agri who survive in the green zone.
Foreign investors recorded a net sell Rp772.1 billion in the regular market (net sell of Rp 3.6 T mtd; net buy Rp5.9 T ytd). A total of 124 stocks rose, 195 stocks declined, 62 stocks unchanged and 198 shares not experience trading.
Rupiah
Money Markets analyst Rully Bank Mandiri Arya Wisnubroto rate, when looking at technical indicators, the rupiah will likely strengthen today. But, due simply to technical factors, the rupiah rebounded only temporary.
Moreover, he said, the current condition of positive US fundamentals, so it is not strong enough to withstand the movement of the US dollar. Accordingly, Rully predict today rupiah will be rolling in the range of Rp 13,300 to Rp 13,430 per US dollar.
On Friday, Rupiah closed at Rp13,378 per US dollar, weakened 0.05% against the previous close (-1.29% mtd; -2.95% ytd).