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3/19/11

Toward Likely Index 3600 ?

Make Money Blog$-JAKARTA - The composite stock price index (CSPI) successfully closed the weekend in the green zone. In trading yesterday, the index edged up 9.86 points (0.28 percent) to 3494.07 and LQ45 position rose 1.460 points (0.24 percent) to 621.212. 
HD Capital analyst said the closure JCI Yuganur Wijanarko above 3475 levels on a weekly basis to open the way for the index to return to the psychological level of 3600. There is strong encouragement of positive regional sentiment, strengthening the rupiah, and the performance of issuers and consumer banking is relatively good in 2010. "That makes 2011 less optimistic projections," he said.
Investors looked back after leading stocks that are cheap. At the same time, regional exchanges have strengthened so that the market re-excited. Frequency of trading yesterday reached 91.357 times the volume of USD 3.787 billion shares worth 4.297 trillion. A total of 127 stocks rose, 65 fell, and 82 remain stagnant.
The shares of which rose significantly among Gudang Garam (GGRM) rose Rp 2,050 to Rp 41,750, Annual Report (ITMG) skyrocketed to Rp 1850 to Rp 48,250, HM Sampoerna (HMSP) jumped to Rp 550 to Rp 25,950, and Astra International (ASII) rose Rp 500 to Rp 54,000.
PT Panin Securities Research Analyst Sartono Purwoko said the increase is limited index investor concerns about the impacts of natural disasters Japan that still haunt the world economy at least for some time to come. "The tsunami and damage Japan's nuclear power plant became the main topic of last week and is expected to still be the focus of investors this week," he said.
Conditions regional exchanges on the majority of yesterday's trading was closed in the green zone. Shanghai Composite Index rose 12.10 points (0.42 percent) to 2909.40; Hang Seng index raced 15.80 points (0.07 percent) to 22,300.23; Nikkei 225 index rose 244.08 points (2.72 percent) to 9206.75, and the Straits Times index fell 21.54 points (0.73 percent) to 2921.34. (Genes / oki)

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