JAKARTA (TheInsiderStories) - Indonesian shares are expected to move sideways today as investors are expected to wait for clear signals from the Federal Reserves decision on Fed rate. There is potentiality for market to go up slightly on buying interest in selected infrastructure and mining stocks.
On Tuesday, the Jakarta Composite Index (JCI) ended higher by 22 points or up 0.41% at 5,431, after moving within range of 5,412-5,449 points. The trading value reached Rp13.5 trillion. Foreign investors were net buy of Rp314.8 billion.
Six out of ten sectoral indices gained, led by infrastructure index, which rose 1.45%, followed by mining index which increased by 1.35%. In Asia, Nikkei225 lost 0.01% , Han Seng edged down 0.01%, while Kospi gained 0.76%.
In forex market, the rupiah was traded at Rp13,370 to the US dollar, lost 14 points from previous day.
Asjaya Indosurya said it expects the JCI to move within support level of 5,376 and resistance level of 5,488 today.
“The JCI is still hovering in consolidation phase, however the (selling) pressure appears to have eased,” Indosurya said in investors note. It however sees potential gains in some stocks, that could push up the JCI in green zone today.
- ICBP
- BBNI
- JSMR
- KLBF
- PGAS
- ADHI
- PTPP
- TOTL
- UNVR
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