JAKARTA (TheInsiderStories) - The Jakarta market is expected to trade in positive zone today supported by certain sectoral indices, including consumption and property stocks, on the back of improved power purchase of consumers.
Investors are also likely to monitor companies full year 2016 results as well as Q4, 2016 GDP results due out today.
On Friday, the Jakarta Composite Index (JCI rose 7 points (0.13%) at 5,360 after moving within range of 5,354-5366. As many as 149 stocks rose, 154 declined, 106 stocks were unchanged and 167 stocks were untraded.
The transaction value reached Rp7.26 trillion, with foreign investors net buying reaching Rp389.32 billion.
Six out of 10 sectoral indices strengthened, led by consumption and property sector, which rose 0.6% and 0.59% respectively.
In Asia, majority of indices increase — Nikkei225 up 0.02%, Kospi up 2.15%, while Hang Seng in Hong Kong lost 0.24%.
In forex market, the rupiah rose 0.06% to Rp13,343 to the US dollar.
Reliance Securites said the JCI is projected to move in positive territory, hovering within 5,250 and 5,400 points.
Asjaya Indosurya expects the JCI to move within range of 5,251 and 5,376.
Stocks to watch are including:
Today’s menu :
- ADHI
- KLBF
- BBNI
- BBCA
- JSMR
- WIKA
- WTON
- EXCL
- TLKM
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