MARKET OUTLOOK – JCI likely to be mixed
JAKARTA (TheInsiderStories) – The Jakarta Composite Index (JCI) is expected to trade mixed today with gains in energy and infrastructure stocks are likely to be capped by declines in other sectors’ stocks.
Asjaya Indosurya Securities said in its morning notes that the JCI is expected to trade within range of 4,779 – 4,876 points today.
On Tuesday (March 80), the JCI closed down 15.162 points or down 0.31% to 4,816.413 points. On Wednesday, the market closed for a public holiday.
Indosurya sees the JCI trade above support level of 4,779 points with resistance level of 4,876 points. Capital inflow may trigger buying in banking stocks on expected improvement of domestic economy.
The rise of crude oil price in the world market and higher close of Wall Street may boost market sentiment.
Following Today’s menu, according to Indosurya:
- JSMR
- WIKA
- BBNI
- PGAS
- ASRI
- PWON
- LSIP
- AALI
- SMCB
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