JAKARTA (TheInsiderStories) - Indonesian shares are expected to consolidate today following recent days gains, as investors are likely to be hesitant in making aggressive moves ahead of the weekend.
On Thursday, the Jakarta Composite Index (JCI) closed up slightly by 3 points or up 0.06 percent at 5,680 points, after moving within 5,645-5,680 points. Total transaction reached Rp6.64 trillion with foreign investors were seen net buy of Rp300 billion.
As many as 119 stocks increased, 202 declined and 101 stocks were unchanged. Only two sectoral indices that ended in positive teritorry, while 8 sectoral indices ended lower, led by mining stocks index, which fell by 1.33 percent and infrastructure stocks index declining by 1.28 percent.
Most Asian stocks ended lower, with Nikkei225 in Japan declined by 1.40 percent, Kospi in South Korea fell 0.37 percent and Hang Seng fell 0.52 percent.
William Surya Wijaya, head of Research of PT Asjaya Indosurya Securities projected the JCI to move within support level of 5,592 points and resistance level of 5,688 points.