JAKARTA (TheInsiderStories) - Indonesian shares trading on the Indonesian Stock Exchange is expected to be mixed today amid uncertainty of global markets direction. Some players may focus on accumulating stocks that are expected to perform positive financial performance this year, while others may opt to take profit.
On Wednesday, the Jakarta Composite Index (JCI) closed up 51 points or 0.93% at 5,592 points. Foreign investors were net buy of Rp733.5 billion.
The JCI moved up and down within 5,552-5,567 range.
As many as 183 stocks rose, 130 decline and 113 stocks were unchanged.
The transaction value reached Rp8.24 trillion. Nine of the ten sectoral indices rose led by miscellaneous industry (up 2.56%) and agribusiness rose 1.93%.
Elsewhere in Asia, Nikkei225 added 1.22%, Kospi rose 0.53% and Hang Seng closed up 0.82%.
In Europe, FTSE 100 fell 0.03%, DAX in Germany closed up 0.48% and CAC in France rose 0.19%.
Indo Premier Securities projected the JCI to trade between 5,550 support level and 5,625 resistance level. It said technically the JCI needs to break the resistance level of 5,625 points, before moving up to next resistance level of 5,655 points. (*)