JAKARTA (TheInsiderStories) – Indonesian shares are expected to go up slightly today amid buying interest in selective stocks, coupled with ongoing capital inflow. However, some players may opt wait and see, awaiting for fresh leads.
On Tuesday, the JCI fell 10 points or 0.18 percent to 5,417.14 with transaction value reaching Rp6 trillion. The declines were capped by gains in selected big cap stocks such as HMSP, GGRM, TLKM and UNVR. As many as 97 stocks gained, 223 declines and 102 stocks were unchanged.
Bahana Securities projected the JCI to hover within support level of 5,400 and resistance level of 5,450.
The rupiah was traded at 13,222 at the market closing on Tuesday and projected to move within range Rp13,075 and Rp13,300 to the US dollar today. (*)
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Source: The Insiderstories
The Insider Stories Morning Notes – JCI seen up slightly on selective buying