The Insider Stories Morning Notes – JCI expected to be mixed, consumer stocks to lead

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JAKARTA (TheInsiderStories) – Indonesian shares are expected to be mixed today, with selective buying in certain stocks are expected to support the market. The relatively under control inflation data may still encourage players to accumulate consumer-related stocks.

On Wednesday, the Jakarta Composite Index (JCI) closed up 43 points or up 0.89 percent to 4,839.67 points with trading value amounting to Rp3.5 trillion. Consumer and miscellaneous industry stocks led the gains. Gainers led decliners 175 to 133, with 98 stocks were unchanged.

Among stocks that drove the market up were HMSP, BMRI, BBCA, ASII and KLBF.

At market close, the rupiah was trading at 13,600-13,700 to the US dollar.

Bahana Securities said in it market update that the JCI is expected within range of 4,820-4,870 today. Stocks that could gain market players interest are ADRO, BEST, ERAA, MNC and SRIL. (*)

 

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Source: The Insiderstories
The Insider Stories Morning Notes – JCI expected to be mixed, consumer stocks to lead

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