JAKARTA (TheInsiderStories) – Indonesian shares are expected to trade mixed today as market players are waiting for fresh leads to accumulate stocks, while some market players are waiting for new economic data, including inflation rate for August due out today.
On Wednesday (Aug. 31), the Jakarta Composite Index (JCI) rose 24 points or up 0.44 percent to 5,386.08 points, with transaction value reaching Rp6.3 trillion, led by consumer and telecommunication stocks as well as agriculture and mining. As many as 220 stocks rose, 104 stocks declined and 83 stocks were unchanged.
Leading the gains were ICBP, UNVR, BBRI, TLKM and ASII.
Bahana Securities said in its morning notes that the JCI is projected to move within support level of 5,325 and resistance level of 5,400 points.
On Wednesday, the Rupiah was trading at 13,270 to the US dollar at the market closing.
While Asjaya Indosurya projected the JCI to move within range of 5,346 and 5,477 points. It said the JCI could go up, extending its technical rebound on Wednesday, driven by capital inflow. If the inflation data is positive, the market could go up today, it said.
Today’s menu :
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Source: The Insiderstories
The Insider Stories Morning Notes – JCE expected to be mixed, eyes on inflation rate