JAKARTA (TheInsiderStories) - Indonesian shares are expected to go up driven by ongoing capital inflow as well as positive mood of global markets. The gains, however, may be limited as some players may opt to cash out later in the day.
On Friday, the Jakarta Composite Index (JCI) closed up 85 points or up 1.58% to 5,18 points after moving within range 5,458-5,518. As many as 186 stocks rose, 121 declined, 120 were unchanged and 152 stocks were untraded. The market close was at its historic high. The transaction value reached Rp8.65 trillion.
All sectoral indices ended in positive territory, led by miscellaneous industry index (up 3.92%) and manufacturing (2.02%).
Most Asian markets also ended in positive territory, with Nikkei 225 closed up 0.07%, Kospi closed higher 0.8% and Hang Seng closed up strongly by 2.08%.
Asjaya Indosurya expects the market to still go up today, supported by capital inflow. “The market is expected to trade above strong support level, hence providing good chance for the market to go up today,” it said in investor note.
As for today, Indosurya sees the JCI to move within range of 5,411 support level and 5,578 points resistance level today.
Today’s menu :
- INDF
- ICBP
- JSMR
- ADHI
- PGAS
- KLBF
- UNVR
- BBNI
- KAEF
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