The Insider Stories Morning Notes – JCI expected to go up on capital inflow

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JAKARTA (TheInsiderStories) – Indonesian shares are expected to go up today on ongoing capital inflow following the government’s policy to implement tax amnesty.

On Tuesday, the Jakarta Composite Index (JCI) closed up 45 points or up 0.88 percent at 5,172. Overnight, Wall Street stocks ended mixed, with DJIA rose 0,14 percent, S&P500 fell -0,14 percent dan Nasdaq edged lower -0,32 percent. Euro stocks ended mixed with FTSE gained 0.32 percent, DAX edged lower 0.81 percent and CAC lost -0.61 percent. In Asia, Nikkei gained 1.73 percent and Hang Seng added 0.66 percent.

Indosurya said in its morning notes that technically the JCI is expected to move within support level of 5,111 points today and resistance level of 5,215 points. 

William Surya Wijaya, head of  Research of  PT Asjaya Indosurya Securities, said the JCi still has the potentiality to approach resistance level of 5,125 points, supported by ongoing capital inflow, coupled with stable domestic economy.

Today’s menu  :

– PGAS

– ADHI

– WIKA

– LSIP

– SMCB

– BBNI

– TBIG

– BMRI

– UNVR

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Source: The Insiderstories
The Insider Stories Morning Notes – JCI expected to go up on capital inflow

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