JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade mixed today, with buying interest in banking and banking stocks on expected improved performance are likely to be offset by moves of others players to cash out ahead of long weekend.
On Tuesday, the Jakarta Composite Index (JCI) gained 3.945 points or up 0.08 percent to 4,812.264, while LQ45 closed up 0.565 points or up 0.07 percent at 827.189 points. Decliners led gainers 154 to 146 with 101 shares were unchanged. The transaction volume reached Rp4.54 billion shares valued at Rp4.9 trillion.
Overnight, US stocks closed lower as the yen held stronger against the dollar amid renewed global growth concerns from weaker-than-expected Chinese manufacturing data. Dow Jones index fell 140.3 points or down 0.78 percent to 17,751, Nasdaq fell 54.4 points or down 1.31 percent at 4,763, while S&P 500 index lost 18.1 points or down 0.87 percent.
William Surya Wijaya, head of research of Asjaya Indosurya Securities said technically, the JCI to trade within support level of 4,798 and resistance level of 4,881 points today.
“The JCI appears to be still in consolidation mode today. The economic data release may inject positive note on the market,” he said.
The Central Bureau of Statistic is scheduled to announce GDP data today. He noted the positive movement of commodity prices may attract buying interest in commodity stocks. He expects the JCI could still go up today.
Today’s menu :
- PPRO
- SMCB
- TBIG
- ASII
- SMGR
- TLKM
- INDF
- ASRI
- KLBF
- JSMR
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