The Insider Stories Morning Notes – JCI expected to be mixed as Wall Street falls

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JAKARTA – Indonesian shares are expected to trade mixed in early trade on Wednesday (Oct. 12), with falls of shares in Wall Street overnight may refrain market players to make aggressive moves. Some market players, however, may cautiously enter the market by targeting selected big cap stocks.

Overnight, Dow Jones fell 200.38 points or down 1.09 percent to 18,128.66 points, S&P 500 index fell 26.93 points or plummeted by 1.24 percent to 2,136.73, while Nasdaq Composite lost 81.89 points or lost 1.54 percent to 5,246.79.

In Asia, majority of shares were mixed. Nikkei225 in Japan rose 0.98 percent, Kospi in South Korea weakened by 1.21 percent and Hang Seng index in Hong Kong dropped 1.27 percent.

On Tuesday, the Jakarta Composite Index (JCI) rose 21 points or up 0.39 percent t0 5,381 after moving within range 5,345-5,385. As many as 137 stocks increased, 148 fell and 101 shares were unchanged. As many as 184 stocks were untraded.

The transaction value reached Rp6.96 trillion. Seven sectoral indices increased, led by mining stocks index, which surged 1.79 percent on the back of recovery of coal prices and consumer goods index which rose 1.1 percent.



In forex market, at the market close, the Rupiah depreciated by 55 points or down by -0.42 percent to Rp13,032 per US dollar, after trading within range Rp12,978-Rp13,044 to the US dollar. (*)

 

 

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Source: The Insiderstories
The Insider Stories Morning Notes – JCI expected to be mixed as Wall Street falls

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