JAKARTA (TheInsiderStories) - Indonesian shares are expected to go up slightly today led by gains in selected big caps. Some players, however, will remain hesitant to make aggressive moves on concerns of unsettled global markets.
On Monday (Mar 6), the Jakarta Composite Index (JCI) closed up slightly by 0.35% at 5,409.82. Month-to-date the JCI gained 0.43% and year-to-date rose 2.14%. The rise was led by banking and infrastructure stocks.
As many as 143 stocks rose, 168 stocks declined, 103 were unchanged and 164 stocks were untraded.
Total transaction value reached Rp7.91 trillion, with foreign investors were net buy of Rp639.55 billion. Seven of ten sectoral indices ended in positive zone led by miscellaneous industry.
In Asia, majority of markets ended in positive zone. Kospi in South Korea gained 0.13% and Hang Seng in Hong Kong added 0.18%, while Nikkei225 in Japan edged lower 0.46%.
The rupiah was trading at 13,338 to the US dollar at the market close.
Bahana Sekuritas projected the JCI to move within support level of 5,387 and resistance level of 5,435 points. Stocks to watch are including ADHI, KLBF, SMGR, SSIA, and TLKM. (*)