JAKARTA (TheInsiderStories) - Indonesian shares are expected to weaken today amid lack of strong leads that prompting investors to accumulate stocks, analysts say.
Reliance Securities analyst Lanjar Nafi projected the Jakarta Composite Index (JCI) to weaken and moving within support level of 5,310 and resistance level of 5,389 point. Meanwhile, NH Korindo analyst Bima Setiaji expects the JCI to move within 5,332-5,379 points
On Wednesday, the JCI closed lower although EU stocks appreciated. The JCI lost 20 points (-0,38%) to 5,361 after moving within 5,349-5,382 range. As many as 116 stocks increased, 206 declined and 98 stocks were unchanged. Trading value reached Rp9.52 trillion, consisting of Rp8.26 triliun in regular market, Rp1.26 trillion in negotiation market and cash Rp3 million. In regular market, foreign investors were net buyers, amounting to Rp353 billion.
In Asia, Nikkei225 fell 0.51% and Hang Seng appreciated by 0.66%, while Kospi weakened by 0.49%.
In forex market, the rupiah gained 2 points (+0.01%) to Rp13,327 against US dollar, after moving within range of Rp13,315-Rp13,355. (*)