JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade in positive territory today with encouraging news on Indonesian GDP is likely to help injected positive note on the market.
Bahana Securities expects the JCI to move within range of support level of 5,350 and resistance level of 5,415 points. The GDP growth of 5.02% is line with market expectation that may encourage investors to chase consumer and basic industry stocks.
On Monday, the Jakarta Composite Index (JCI) ended up 0.66% to close at 5,395.99 points. Year-to-date the JCI has rose 1.87% and month-to-date has increased 1.92%.
As many as 191 stocks increased, 139 declined, 78 were unchanged and 168 stocks were untraded.
Foreign investors were net buyers, with a focus on banking stocks. value at Rp876.9 billion in regular market. According to Bahana Securities data, foreign investors were net buy at Rp1.4 trillion mtd and net sell Rp156.5 trillion ytd.
The rupiah was trading at 13,308 at the market close on Monday, gained 0.26%.
Stocks to watch, are including :BBTN, ICBP, LPKR, PGAS, PSAB, SMBR, dan TBLA. (*)