The Insider Stories Morning Notes – JCI expected to be mixed on cabinet reshuffle, profit-taking

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JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade mixed today with some continued to accumulate stocks on the back of upbeat on cabinet reshuffle, while others may move to cash out following recent days gains.

On Wednesday, the Jakarta Composite Index (JCI) closed up 49 points or up 0.96 percent to 5,274.

Asjaya Indosurya said in its morning note that technically the JCI is projected to move within support level of 5,224 and resistance level of 5,358 points.

JCI is still in upward trend with potential to approach resistance level of 5,358. The government’s decision to reshuffle cabinet seems to have pleased the market, it said.

Today’s menu :

– WTON

– TBIG

– PGAS
– LSIP

– KLBF

– BBNI

– BBCA

– SMCB

– ADHI

– WIKA

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Source: The Insiderstories
The Insider Stories Morning Notes – JCI expected to be mixed on cabinet reshuffle, profit-taking

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