JAKARTA (TheInsiderStories) - Merry Christmas 2016 to all our readers. Jakarta Composite Index (JCI) is expected to move in the range of 5,002 to 5,254, said William Surya Wijaya from PT Asjaya Indosurya Securities. He added, domestic economy are stable and will became the backbone of the JCI movement pattern for the foreseeable future.
He recommended BBNI, SMRA, HMSP, BWPT, ASRI, UNVR, CMNP, JSMR and BBCA for today.
JCI closed corrected at the end of this week and down -15 points (-0.3%) to 5,027 after moving between 5,022 to 5,078. A total of 128 stocks rose, 172 stocks declined, 97 stocks did not move, and 175 shares not traded. As many as six out of a total of 10 sectors fell, led by various industry sectors were down -2.2% and the property is down -0.98%.
Investors transact Rp8.94 trillion, consisting of regular transactions Rp3.75 trillion and Rp5,19 trillion in negotiations market. On the regular market, foreign investors recorded a net sales Rp552.69 billion.
From Asia, the majority of stock indices were mixed. Nikkei225 Index operates in Japan, South Korea’s Kospi rose + 0.01%, and the Hang Seng in Hong Kong fell -0.28%. The majority of stock indices in Europe has strengthened since it opened. FTSE100 index in Britain rose + 0.01%, the DAX in Germany rose + 0.1%, and the CAC in France has appreciated + 0.1%
In the foreign exchange market, the exchange rate strengthened +17 points (+ 0.13%) to Rp13,452 per US dollar, after moving in the range Rp13,425-Rp13,474.
Analysts had expected on Tuesday (27/12) correction on Rupiah still will not deflate. They said, the lack of sentiment would discredit currency position and the opportunities to strengthen only come from the technical side.