The Insider Morning Notes – JCI expected to be mixed

33

JCI expected to be mixed on lack of strong sentiments

JAKARTA (TheInsiderStories) – The Indonesian stock market is expected to trade mixed today, with buying interest in selected stocks would offset losses in other stocks. Losses in Wall Street overnight may weigh on market sentiment.

On Tuesday (April 5), the Jakarta Composite Index (JCI) closed up 7.896 points or up 0.16 percent at 4,858.072 points. The LQ45 index gained 2.521 points or up 0.30 percent at 845.481.

Reza Priyambada, the head of research of NH Korindo Securities Indonesia (NHKSI) expects the JCI to trade within support level of 4,761-4,776 points and resistance level of 4,860-4,870 points.

He said the market may test the resistance level before it could go up, otherwise it would stay above support level.

The US stocks ended lower overnight on concerns on global economic slow down. The players also wait for the Fed’s meeting results on April 7. (*)

The post The Insider Morning Notes – JCI expected to be mixed appeared first on The Insider Stories.

Source: The Insiderstories
The Insider Morning Notes – JCI expected to be mixed

You might also like More from author

Comments are closed, but trackbacks and pingbacks are open.