JAKARTA (TheInsiderStories) - Indonesian shares trading is expected to be mixed today as gains in some stocks could be offset by sell-off in other stocks as some investors are still concerned on volatile global markets.
Overnight, Wall Street ended mixed on concerns the Donald Trump administration might replace the Obamacare policy.
In domestic market, the Jakarta Composite Index (JCI) on Wednesday (Mar 22) closed slightly down by 0.16% at 5,534.09 points. Foreign investors were net buy at Rp95 billion. Throughout the day, the JCI was hovering between 5,525,98 – 5,554,94 points.
As many as 160 stocks rose and 160 declined, while the remaining stocks were unchanged and untraded. Six sectoral indices increased led by mining stocks index (up 2.2%) and agricultural stocks index (up 0.51%).
Neighboring countries’ stock markets ended mixed, with Singapore stock market FTSE Straits Times declined 0.23%, Malaysia KLCI rose 0.30% and PSEi Phillippines edged up 0.09%.
“JCI has a good chance to strengthen today in line with gains in some regional markets,” Samuel Sekuritas Indonesia said in its note. (*)