JAKARTA (TheInsiderStories) - Indonesian shares are expected to trade mixed today, as some players may opt offload shares ahead of the weekend, while some players may continue to accumulate stocks as they believe the capital inflow will continue.
The central bank, Bank Indonesia, on Thursday decided to keep the 7-Day Repo Rate, the benchmark rate, reflecting that the country’s economy remain under control which requires no changes in the country’s monetary policy.
Some major companies, such as Astra International, BRI, BCA and others have released their positive first quarter results, which could trigger active trading on those stocks.
On Thursday, the Jakarta Composite Index (JCI) ended lower by 11.21 points or down 0.20 percent at 5,595.31 points, after hovering within range of 5,590.03-5,619.36 points.
Out of 541 stocks listed on the IDX, 104 shares ended higher, 223 weakened, while 214 shares were stagnant. Seven out of ten sectoral indices ended lower, led by property sector which fell 1.10 percent and mining declined by 0.80 percent.
Only two sectoral indices, miscellaneous and infrastructure indices ended higher by 2.10 percent and 0.45 percent respectively.
Asjaya Indosurya Securities noted that the JCI could still go up today, but the gains could be limited, supported by ongoing capital inflow.
Stocks to watch are including:
- PGAS
- PWON
- ADHI
- PTPP
- BBNI
- ASRI
- HMSP
- UNVR
- ICBP
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