JAKARTA (TheInsiderStories) - Indonesian shares are expected to move sideways today, pressured by lackluster performance of Asian market on Monday. Investors and market players are likely to select certain stocks that are expected to perform better this year and show good long-term prospect.
On Monday (Feb 27), the Jakarta Composite Index (JCI) edged down by 3 points or down 0.06% to 5,382, after moving within range of 5,368-5,393. As many as 147 shares increased, 152 shares declined, 104 were unchanged and 172 were untraded. The trading value reached Rp5.62 trillion.
Five of ten industrial indices increased, while five indices declined, led by property and trade sector. In Asia most indices declined — Nikkei225 fell 0.91%, Kospi lost 0.41%, and Hang Seng in Hong Kong lost 0.17%.
In forex market, the rupiah was traded at Rp13,341 to the US dollar, corrected by 10 points (down 0.08%).
Asjaya Indosurya said in morning notes that it expects the JCI to move within range of 5,336 support level and 3,423 resistance level.
“The JCI is still trying to get out of its short consolidation phase. The potentiality to go up is opened, supported by capital inflow, however, the JCI is still prone to correction,” Indosurya said.
Today’s menu :
- ADHI
- UNVR
- HMSP
- KLBF
- PWON
- ASRI
- BBCA
- WTON
- TLKM
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