JAKARTA (TheInsiderStories) - Indonesian shares are expected to open higher on ongoing capital inflow following the implementation of tax amnesty program as well as gains in Wall Street overnight.
The Jakarta Composite Index (JCI) on Monday closed up 17 points or up 0.34 percent at 5,127. Overnight DJIA rose 0.09 percent, S&P500 went up 0.24 percent and Nasdaq rose 0.52 percent. European stocks ended the day mixed with FTSE closed up 0.39 percent, DAX fell 0.04 percent and CAC fell 0.34 percent.
Indosurya expects the JCi to move within support leve of 5,074 and resistance level of 5,178 points today.
William Surya Wijaya, head of Research PT Asjaya Indosurya Securities, said the capital inflow is expected to continue in the coming days on the back of the implementation of the tax amnesty program that could lift the JCI today.
Today’s menu :
- PGAS
- WIKA
- LSIP
- SMGR
- TBIG
- EXCL
- ASII
- BBNI
- BMRI
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