The Insider Stories Morning Notes – JCE expected to trade mixed today, awaiting fresh leads

43

JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade mixed today as market players are likely to be cautious awaiting for fresh leads. Some players may opt to buy selected stocks, while others may decided to offload stocks on profit-taking, as they await for new leads.

On Friday, the Jakarta Composite Index (JCI) fell 15.29 points or down 0.40 percent to 5,438. Throughout the week, the JCI appears to move flat, signalling that the market is entering consolidation phase, Mandiri Sekuritas said in its morning notes.

Mandiri expects the JCI to move within support level of 5,400 and resistance level of 5,476 points. Meanwhile Asjaya Indosurya said technically the JCI is projected to move within support level of 5,386 and resistance level of 5,500

Indosurya however expects the JCI to go up today, driven by capital inflow and upbeat on economic data to be announced this week, inflation rate.
Today’s menu :

– ICBP

– PGAS

– EXCL

– JSMR

– BBNI

– KAEF

– INDF

– TLKM

– PWON

(*)

 

The post The Insider Stories Morning Notes – JCE expected to trade mixed today, awaiting fresh leads appeared first on The Insider Stories.

Source: The Insiderstories
The Insider Stories Morning Notes – JCE expected to trade mixed today, awaiting fresh leads

You might also like More from author

Comments are closed, but trackbacks and pingbacks are open.