JAKARTA (TheInsiderStories) -Asjaya Indosurya Securities sees the Jakarta Composite Index will moved in the range of 5,221 - 5,336 within the range of the consolidation of the fair after a significant increase in the end of 2016. The house also sees the current outflow and inflow is still not too heavy.
The analyst William Surya Wijaya recommended ICBP, BBTN, TBIG, ADHI, WIKA, UNVR, HMSP, KLBF, JSMR and and WTON for today’s trading. Yesterday, JCI closed higher amid rising Asian stock markets today.
The index rose to +25 points (+ 0.48%) to 5,301 after moving between 5249-5312. A total of 163 stocks rose, 138 stocks declined, 93 stocks did not move, and 182 shares not traded. Six of the total 10 sectors rose, led by consumer goods sector which rose + 1.95% and the property is up + 1.85%.
Total transaction recorded Rp5.53 trillion, consisting of regular transactions and negotiations Rp4.42 trillion to Rp1.1 trillion. On the regular market, foreign investors recorded a net sales Rp198.76 billion.
From Asia, the majority of stock indices rose. Nikkei225 index in Japan rose + 2.51% and South Korea’s Kospi rose + 0.08%, while the Hang Seng in Hong Kong fell 0.07%. The majority of European stock markets weakened since it opened this afternoon. FTSE100 index in Britain dropped -0.05%, DAX in Germany fell -0.18%, and the CAC in France fell -0.01%.
In the foreign exchange market, Rupiah strengthened +29 points (+ 0.22%) to Rp13,447 per US dollar, after moving in the range Rp13,422-Rp13,382. Reny Eka Putri, Money Market Analyst from Bank Mandiri predicted, subdued inflation in Indonesia in 2016 to inject power to the rupiah. She calculate the Rupiah moves at Rp 13,430-Rp 13,495 per US dollar.