JAKARTA (TheInsiderStories) - Indonesian shares are expected to move mixed today after the Federal Reserves decided to raise interest rates and signaled that any further increases this year will be gradual.
“On Wednesday (Mar 15), the JCI is projected to move mixed, with a tendency to strengthen slightly in the range of 5,410-5,450 points,” Bahana Sekuritas said.
On Wednesday (Mar 15), the Jakarta Composite Index (JCI) ended slightly higher by 0.01% at 5,432.38 points (+0.85% mtd; +2.56% ytd).
As many as 146 stocks rose, 172 stocks declined and 12 stocks were unchanged, while 250 stocks were untraded. Foreign investors were net buy at Rp219.3 billion.
The rupiah was traded at 13,356 against US dollar, down slightly by 0.06% (+0.15% mtd; -0.87% ytd).
Overnight, the Standard & Poor’s 500 index rose 19 points, or 0.8%, to 2,385. It started the day higher, and its gains accelerated after the Fed’s announcement. The Dow Jones industrial average gained 112 points, or 0.5 percent, to 20,949. The Nasdaq rose 43 points, or 0.7 percent, to 5,900.
Stocks to watch are including WIKA, BBRI, BWPT, CTRA and INDF.(*)