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The Insider Stories Morning Notes: JCI potentially experiencing mixed


JAKARTA (TheInsiderStories) –  Reliance Securities estimates that the stock price index (JCI) in trading on Friday will trying to strengthening in the short term period and will move in the range of 5,400 to 5,500. While, Waterfront Securities Indonesia predicts the will moved in the range 5,407-5,491.

Yesterday, JCI gained by starting gap up so closed 35.98 points by 0.66 percent at 5,450.31 levels with a relatively high volume. In the current domestic investors began to correct the decline and optimistic, even foreign investors recorded a net sell Rp276,65 billion.

Yesterday, JCI closed up significantly amid rising global stock markets. The index rose to +35 points (+ 0.66%) to 5,450 after moving between 5443-5482. A total of 231 shares rose, 91 stocks declined, 82 stocks did not move, and 166 shares not traded.

Investors transact Rp8,09 trillion, consisting of regular transactions Rp6.65 trillion, trillion Rp1,44 negotiations, and 6 million in cash. On the regular market, foreign investors recorded a net sales Rp700,27 billion.

As many as eight out of a total of 10 sectors rose, led by the mining sector which rose + 3.33% and the property is up + 1.96%. Meanwhile, Asian stocks rally the majority turned to the gap opened up by raw material producers led gains as rising commodity after a surprise election victory by Donald Trump.

Investors speculated the existence of short-term volatility following the victory Trump. Commodities passionate where Trump expenditure strategy will trigger demand for copper and other commodities at the time of tightening global supplies. Not optimistic Asian markets, European stocks opened mostly higher slowly.

From Asia, the majority of stock indices rose significantly. Nikkei225 index in Japan rose + 6.72%, South Korea’s Kospi rose + 2.26%, and the Hang Seng in Hong Kong has appreciated + 1.89%.


While, the majority of European stock markets also gained significant since it opened this afternoon. FTSE100 index in Britain rose + 0.94%, the DAX in Germany gained + 1.04%, and the CAC in France has appreciated + 1.15%.

On the financial market, in the morning Rupiah plunged 1.95% to Rp 13 394 per US dollar compared to yesterday level. On Thursday, the exchange rate fell -11 points (-0.08%) to Rp13.138 per US dollar, after moving in the range Rp13.098-Rp13.153. 

According tonFix Income Researcher of PT Danareksa Sekuritas Amir A Dalimunthe, most likely the global market is doing rebalancing shown by the volatile market movement.

The post The Insider Stories Morning Notes: JCI potentially experiencing mixed appeared first on The Insider Stories.

Source: The Insiderstories
The Insider Stories Morning Notes: JCI potentially experiencing mixed

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