JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade in positive zone today, maintaining last week’s positive trend supported by stable fundamental economy and capital inflow.
“The JCI (Jakarta Composite Index still has a good chance to be in positive zone today. JCI likely to move within range of 5,598-5,697 points,” head of research of Indosurya William Surya Wijaya said.
The positive fundamental economic data and capital inflow is still seen to continue to support the country’s stock market.
Last Friday, the JCI closed down 0.47 percent or 26 points at 5,653 points after hovering within range 5,643-5,677 points. Foreign investors were net buy of Rp594.78 billion.
The transaction value reached Rp7.4 trillion. As many as 110 stocks rose, 212 declined and 99 stocks were unchanged. As many as 3 sectoral indices ended higher, while 7 indices ended lower.
Regional stock markets ended mixed last Friday, with Kospi edged down 0.05 percent, Hang Seng in Hong Kong fell 0.03 percent and Nikkei225 in Japan rose 0.36 percent.
The rupiah was traded at Rp13,321 against the US dollar at the market close on Friday, rose 0.05 percent from previous day.
Stocks to watch, according to Indosurya, are including KLBF, TOTL, PGAS, MAIN, JSMR, ADHI, ASRI, PWON, and BBCA. (*)