JAKARTA (TheInsiderStories) - Indonesian shares are expected to move flat today amid lack of strong new leads to trigger buying interest as well as lacklustre performance of global markets.
On Monday, the Jakarta Composite Index closed slightly down by 0.47% or 25.93 points at 5,541.20 points, while LQ45 closed down 6.584 points or down 0.715 at 919.750.
As many as 101 stocks rose, 214 declined and 225 stocks were unchanged.
Six out of nine sectoral indices ended in negative territory led by financial stocks, which wend down by 1.22% and trading sector stocks, which fell 0.85%.
On Tuesday, the market closed for public holiday.
Analysts say that the global market sentiment movement is still influenced by global markets sentiment today. The US President DOnald Trump policy to scarp Obamacare has been opposed by the US parliament.
NH Korindo Securities projected the JCI to move within support level of 5,481 points and resistance level of 5,605 points, with a tendency to weaken. Meanwhile, some investors are awaiting for fresh leads to drive the market trading. (*)