The Insider Stories Morning Notes – JCI expected to move sideways, awaits new incentives

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JAKARTA (TheInsiderStories) – Indonesian shares are expected to move sideways today amid lack of new incentives to trade, with lacklustre performance of Wall Street overnight may weigh on local market sentiment.

On Monday, The Jakarta Composite Index (JCI) closed lower significantly by 73.280 points or down 1.52 percent at 4,749.315 points, while LQ45 fell 15.771 points or down 1.90 percent to 815.204.

Decliners led gainers 208 to 86 stocks, with 88 shares unchanged. As much as 4.76 billion shares were traded valued at Rp5.94 trillion.

William Surya Wijaya, head of research at PT Asjaya Indosurya Securities, said technically, the JCI is expected to trade within range of 4,733 support level and 4,845 resistance level today.

He said the JCI is in consolidating mode, testing support elvel of 4,733 points after long weekend. The market, he said, may be flat in the morning trade but could go up later in the day on technical rebound.

Today’s menu :

– BBNI

– WIKA

– AKRA

– BMRI

– UNVR

– ASII

– LSIP

– TBIG

– SMCB

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Source: The Insiderstories
The Insider Stories Morning Notes – JCI expected to move sideways, awaits new incentives

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