JAKARTA (TheInsiderStories)- The Indonesian stock market is expected to move up in the positive territory today on technical rebound. Investors may look to buy certain stocks that are expected to announce positive results in 2015.
The Jakarta Composite Index (JCI) is projected to move within support level of 4,743 points and resistance level of 4,855 points, William Surya wijaya, an analyst at PT Asjaya Indosurya Securities said.
“Today, the JCI has the potentiality to gain on technical rebound,” he said.
On Monday, the JCI closed down 53.461 points or down 1.11 percent at 4,773.626 points, while the LQ45 index lost 11.014 points or down 1.31% to close at 827.547. Meanwhile, US stocks closed mixed Monday in low volume trade as investors eyed oil prices and awaited data and comments from key Fed policymakers due later in the week.
Overnight, Dow Jones ended up 19.7 points or up 0.11% to close at 17,535 and Nasdaq lost 6.7 points or down 0.14% to close at 4,767.
This week is the last week of for listed companies to announced their full year 2015 results.
Today’s menu, according to Indosurya:
- KLBF
- JSMR
- BBNI
- LSIP
- BALI
- INDF
- PWON
- UNVR
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