The Insider Stories Morning Notes – JCI expected to move little change ahead of weekend

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JAKARTA (TheInsiderStories) – Indonesian shares are expected to move little changed today, with buying interest in selected stocks is likely to be offset by some players move to offload shares ahead of the weekend.

On Thursday (June 9), the Jakarta Composite Index closed down 0.79 percent at 4,876.79 points. Decliners led gainers 146 to 141. The decline of some big cap stocks such as HM Sampoerna, Telkom, Unilver, BCA and Astra International dragged down the JCI to end the day in red zone.

The transaction value reached Rp5.36 trillion.

In regional markets, Nikkei225 in Japan fell 0.97 percent, Kospi in South Korea lost 0.14 percent and Hang Seng in Hong Kong edged lower 0.14 percent. At the market close, the rupiah was trading at Rp13,287 to the US dollar.

William Surya Wijaya, head of research of PT Asjaya Indosurya Securities, said technically the JCI is projected to trade within range of support level of 4,856 and resistance level at 4,845 today. He said the JCI appears to be still in consolidation phase. He however still sees the market to edge up today on buying interest in selected big caps.



Today’s menu :
– WIKA
– BBNI
– BMRI
– KLBF
– INDF
– UNVR
– SMCB



– ASII
– WTON
(*)

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Source: The Insiderstories
The Insider Stories Morning Notes – JCI expected to move little change ahead of weekend

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