Jakarta - The Composite Stock Price Index (JCI) yesterday finallyclose higher after a wobble. The strengthening of regional exchanges and the strengthening of the rupiah makes JCI kept going and closed positive.
In trading earlier in the week, Monday (28/02/2011), stock indexrose 26.828 points (0.77%) to the level of 3470.348. While LQ 45 Index rose 6.323 points (1.04%) to a level of 614.018.
"JCI at the end of the month close higher on concerns about highinflation in February. Reinforcement is different in general, which is usually ahead of the release of inflation data, sometimes there is a little weaker," said Reza Priyambada, Managing ResearchIndosurya Asset Management.
Investors will now await the release of inflation data this afternoonby the BPS. JCI will move cautiously because investors will bewaiting to see whether inflation data are in accordance withexpectations. However, strengthening the world's major bourseswill inspire further increase in JCI. In trading Tuesday (03/01/2011),JCI is expected to move fluctuation tends to strengthen.
Wall Street closed positive yesterday thanks to the emergence ofthe acquisition plan that describes the company's activities aremore excited in the process of economic recovery. But theuncertainty of the movement of oil prices kept investors remainwary.
In trading Monday (2/28/2011), the Dow Jones industrial average(DJIA) closed up up 95.89 points (0.79%) to the level 12226.34.The broader Standard & Poor's 500 index rose 7.35 points(0.56%) to a level of 1327.23 and the Nasdaq rose 1.22 points(0.04%) to a level of 2782.27.
Japan Stock Exchange this morning also immediately strengthened. The Nikkei-225 Index began trading on Tuesday with the increase of 81.94 points (0.77%) to the level 10706.03.
The following recommendations for the stock today:
eTrading Securities:
In today's trading stock index closed up 26 points (+0.78%) to alevel of 3,470.34 following the positive trends of most global stock markets. Foreign recorded on this day amounted to Rp256 billionto netsell with the most outgoing sector is Energy & Banking. CSPItoday opened under pressure and was minus 3.436 to levelsbefore the end of the domestic investors do the buying so that JCIcan be closed in the positive area. In trading tomorrow is expected to JCI will move dikisaran 3.425 to 3.520 with shares - shares thatcan be considered al SMGR, PGAS and AALI.
The index rose yesterday to move supported by the strengthening of regional exchanges and the exchange rate. Strengthening the index to continue rising that occurs in trading Friday. We see themarket still will be on positive sentiment for some time to come.Today, investors are expected to look at the announcement ofinflation data from February. In addition, volatility in oil prices alsoneed to be considered as a catalyst for the movement of the commodities sector stocks. We projected the index today willmove in the range of support-resistance 3450-3472.
Kresna Securities:
JCI still consolidate awaiting inflation data expected at 7:13% YoY.Inflation rate will be the catalyst for the JCI movement expected to move in the range 3.410 to 3.530. Level 3.423 a key level for themovement of JCI with PGAS and BBRI into stock option today.
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