The Insider Morning Notes – JCI seen to move little change, capital inflow to support market

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JAKARTA (TheInsiderStories) – Indonesian shares are expected to move little changed today, with inflow of capital is likely to provide some support to the market. The inflation data and news on Indonesia’s rating may injected positive note on the market.

On Thursday, the Jakarta Composite Index (JCI) closed slightly down by 6.44 points or down 0.13 percent at 4,833.23 points. Miscellaneous industry led the decline, while sectors that recorded gains are including mining and agricutlure stocks. Foreign buyers continued to accumulate selected stocks such as Telkom (TLKM), Kalbe Farma (KLBF) and HM Sampoerna (HMSP).

William Surya Wijaya, head of research of Asjaya Indosurya Securities, expects the JCI to trade within support level of 4,798 points and resistance level of 4,877 points.

“The JCI is still in the consolidation mode, which appears to have strong support at 4,798 points,” he said, adding that there is a slight chance for the market to end in positive territory.

Today’s menu :
– KLBF
– TBIG
– INDF
– UNVR
– KAEF
– BBNI
– BMRI
– BBCA
– LSIP

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Source: The Insiderstories
The Insider Morning Notes – JCI seen to move little change, capital inflow to support market

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