JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade higher today on ongoing capital inflow, partly boosted by the government’s tax amnesty policy.
On Wednesday, the Jakarta Composite Index (JCI) closed up 34.400 points or u 0.67 percent to 5,133.933 points, while LQ-45 rose 8.544 points to 885.709. Mining stocks led the gains, recording an increase of 3.48 percent.
As many as 170 shares rose and 119 shares declined, while 109 stocks were unchanged. As many as 7.405 shares changed hands valued at Rp7.589 trillion.
William Surya Wijaya, head of research of PT Asjaya Indosurya Securities, said technically the JCI is projected to move within support level of 5,045 and resistance level of 5,154 points.
William said the market is still on the upward trend, however, he warned that there could be ‘healthy correction’ along the way. As for today, he sees the market could still go up, extending recent days gains on capital inflow.
Today’s menu :
- LSIP
- JSMR
- PGAS
- KAEF
- EXCL
- BBNI
- BBCA
- INDF
- WTON
- SMCB
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