JAKARTA (The Insider Stories) - Good Morning, the Jakarta Composite Index (JCI) looks have great power to go up and will move in the range 5,221 to 5,336, saidWilliam Surya Wijaya from PT Asjaya Indosurya Securities. He recommended JSMR, PGAS, UNVR, INDF, ICBP, BBNI, TBIG, ASRI and PWON shares on today’s trading.
Yesterday, JCI closed corrected amid declining European stock exchanges today. The index is down -3 points (-0.06%) to 5,250 after moving between 5228-5265. A total of 115 stocks rose, 181 stocks down, 111 stocks did not move, and 166 shares not traded.
A total of five out of a total of 10 sectors fell, led by the property sector which fell -1.02% and basic industries which fell -0.41%. Total transaction recorded Rp5.07 trillion, consisting of regular transactions Rp4.19 trillion, negotiations Rp875 billion, and cash Rp2 million. On the regular market, foreign investors recorded a net sales Rp120.09 billion.
From Asia, the majority of stock indices rose. South Korea’s Kospi Index gained + 0.02% and the Hang Seng in Hong Kong has appreciated + 0.06%, while Nikkei225 in Japan down -1.11%. The majority of European stock markets weakened since it opened this afternoon. FTSE100 index in Britain dropped -0.81%, DAX in Germany fell -0.56%, and the CAC in France fell -0.72%.
In the foreign exchange market, Rupiah strengthened +41 points (+ 0.31%) to Rp13,369 per US dollar, after moving in the range Rp13,344-Rp13,397. Head of Research Monex Investindo Futures Ariston Tjendra sees the reaction of the market is waiting for policy clarification fiscal stimulus in the United States (U.S).
On the other hand, he added, the world crude oil prices were relatively stable with a tendency to strengthen also support demand for currencies tied to commodities, such as rupiah. Nevertheless, he said, that the weakening US dollar sentiment is still relatively limited cause rising interest rates in the U.S. could trigger the increased of U.S. dollar demand.