JAKARTA (TheInsiderStories) - Indonesian shares are expected to be mixed to day amid lack of fresh incentives to trigger buying interests. The decline of US stocks following steep declines in Europe and Asia amid fresh jitters about the world’s economy may weigh on domestic market.
Overnight, the Dow Jones Industrial Average fell 133 points, or 0.7 per cent, to 17732. The S&P 500 declined 0.8 per cent, and the Nasdaq Composite dropped 0.9 per cent.
On Monday, the Jakarta Composite Index (JCI) closed down 41 points or down 0.84 percent to 4,807.23 points, with trading value reaching Rp3 trillion.
All sectors recorded a decline led by mining, agriculture and finance stocks. Decliners led gainers 236 to 80 stocks, with 88 shares were unchanged.
Bahana analyst Muhammad Wafi said he expects the JCI to move mixed today with a tendency to weaken within range of support level of 4,780 and resistance level of 4,820. The rupiah, at the market closing yesterday, was traded at 13,298 to the US dollar and expected to move within range of Rp13,250-13,350 to the US dollar.
Stocks to watch today are including KRAS, AKRA, ROTI, SSIA and TLKM, he said. (*)