Opportunity Three Stocks in the Central Sector Correction

Make Money Blog$-Jakarta - The weakening stock index this afternoonwas expected to continue until closing. However,potential investors can look at bank stocks,consumption and cement.


In the first session of trading on Thursday (10 / 3),Composite Stock Price Index (CSPI) closed down18.70 points (0.52%) to the level of 3579.972. LQ45index of leading shares also fell 4.39 points (0.68%)to the number 639.651.

The rate index quite busy this afternoon, supported bya recorded transaction volume reached 1.863 billion shares, valued at Rp1, 535 trillion and the frequency of 50,048 times. A total of 68 stocks advanced, while132 stocks fell and 83 shares remain stagnant.

The weakening of the index, also characterized the action of foreign sales transactions recorded net sales (net foreign sell) amounting to Rp74, 01 billion.Details, and purchase transactions reached Rp411, 3billion, while sales transactions amounting to Rp485,3 billion.
All sector indices except share support weakeningtrade rose 0.04%. Plantation sector led the correction1.09%, followed by property 0.91%, 0.64% finance,infrastructure 0.62%, 0.57% of consumption, mining0.52%, 0.41% manufacturing, industrial base 0, 36%and 0.24% miscellaneous.

Cece Ridwanullah, Ekokapital Securities analystestimates, potentially weakening domestic stockindex is limited in the closure this afternoon. "The index will move in 3520-3475 range of support andresistance 3700," he told INILAH.COM, in Jakarta,Thursday (10 / 3).

The weakening of the index today, according to him,triggered by a negative movement of regional exchanges that achieve an average correction of 0.5 to 1.5%. "The adjustment is because of the valuationsthat have been overbought," he said.

So is the domestic index had gained five consecutive days. JCI is overbought (overbought), especially inbanking stocks which have risen sharply. "Therefore, there was profit taking," he said.

However, further Cece said profit-taking today will belimited. Therefore, foreigners are still in a position to buy. "In trading yesterday, still foreign net buy positionof Rp346 billion," said Cece.
On the other hand, the index also limited because ofweakening of rupiah exchange rate still rose to the level of 8777 per U.S. dollar. At the same time, the government postponed the increase of fuel oil (BBM)subsidy so as not to be a threat to inflation andpositive for the market.

Moreover, inflation in February at a low level of 0,l13% of the level of 0.89% in January. Then, the market is also looking at factors dresingg kuatalwindow first, the end of March 2011. "Conditions weregood and the performance emtein RI debt rating is also positive," he explained.

Therefore, he estimates, the attenuation index todaycan be held at 3520 levels. If bsia survive at this level, the index could rise to the level of 3670-3700 in the future. "Today's second-liner stocks will be played fora balance of investors in the stock," he said.

In this situation, he recommends stocks with positivefundamentals in the banking sector. In addition toconsumption and cement sector stocks that benefit from controlled inflation and a strengthening rupiah.

Stocks options are PT Bank Rakyat Indonesia(BBRI), PT Bank Mandiri (BMRI) and PT Bank Negara Indonesia (BBNI). Then, PT Mayora (MYOR), PTCharoen Pokphand Indonesia (CPIN) and PT JapfaConfeed Indonesia (JPFA). PT Indocement (INTP)and PT Semen Gresik (SMGR). "I recommend a buyon weakness these stocks,"said Cece. [ast]
Source: Inilah.com

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