JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade higher today on ongoing capital inflow following the government’s decision to implement tax amnesty, prompting inflow of capital owned by Indonesians parked abroad.
Positive global market sentiment also help inject positive note on market.
On Monday, the Jakarta Composite Index (JCI) surged 97.438 points or up 1.96 percent to 5,069.019. LQ45 closed up 21.734 points (2.56%) at 872.254.
As much as 211 stocks gained, 90 shares dropped and 85 shares were unchanged, with trading value reaching Rp9.61 trillion.
Reza Priyambada. head of research of NH Korindo Securities Indonesia, said technically the JCI is projected to move within support level of 4,765-4,780 and resistance of 4,987-5,050.
He said the JCI should within green zone in the near term. The tax amnesty policy has the potential to drive the market to stay above 5,000 points.
Today’s Meny:
ACST
ELSA
WSKT
BBTN
UNVR
TSPC
DSFI
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