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8/2/11

Local investor profit-taking, stock index slid 15 points?

Jakarta - Make Money Blog - Composite Stock Price Index (CSPI) sank 15 points due to profit taking that local investors do. Foreign funds are still flowing into the stock, worth nearly Rp 700 billion.


While the rupiah against the U.S. dollar (U.S.) closed stagnant in the position of Rp 8470 per U.S. dollar as the close of trading yesterday.
Opening trade this morning, stock index thinned 5.782 points (0.14%) to a level of 4187.659 drifted weaker Asian bourses due to the correction that occurred on Wall Street overnight.Outstanding JCI is also too high.
Outstanding JCI is already too overbought it did excite investors took profits and had fallen to its lowest position at 4172.794.However, the positive performance of listed companies are able to make the index back to green zone.
Selective buying in stocks of consumer-based and infrastructure 4195.724 bringing JCI to a level which is the highest intraday all-time. Previous record achieved in the highest intraday trading yesterday on the level of 4193.556.
At the closing session of the trading, stock index edged down 13.200 points (0.31%) to a level of 4180.241. The rise of profit-taking eventually make JCI back into the red zone.
Close of trade on Tuesday (08/02/2011), Jakarta Composite Index sank 15.595 points (0.37%) to a level of 4177.846. While LQ 45 Index fell 1.866 points (0.25%) to a level of 740.636.
Profit-taking done by many local investors. Foreign investors actually make a purchase clean (foreign net buy) valued at USD 687.995 billion in the entire market.
The only sectoral index that can be gained only infrastructure.While the rest exposed to a correction in the red zone due to profit taking.
CSPI also failed to maintain a record high so failed to score a new record. In the meantime, the highest level of JCI still at 4193.441 after uphill 62.641 points (1.51%).
Trading today went pretty crowded with a frequency of 156 613 times on transaction volume reached 8.491 billion shares worth Rp 6.568 trillion. A total of 104 stocks up, 170 stocks down, and 78 shares stagnant.
Exchanges in Asia have not been able to get out of negative net entanglement. U.S. manufacturing growth slowed decline in exports is expected to encourage Asia.
Here's the situation and conditions on regional bourses this afternoon:

Shanghai Composite Index fell 24.52 points (0.91%) to a level of 2679.26.Hang Seng Index plunged 241.91 points (1.07%) to a level of 22421.46.The Nikkei 225 fell 120.42 points (1.21%) to a level of 9844.59.Straits Times Index trimmed down 38.45 points (1.20%) to a level of 3176.82.
Stocks are up significantly and entered the ranks of top gainers include Schering Plough (SCPI) up to Rp 5500 to Rp 35,500, Century Textile (CNTX) up to Rp 1150 to Rp 5750, and Multi Breeder (Mbai) up to Rp 1050 to Rp 31,500, and Lionmesh (LMSH) rose Rp 1,000 to Rp 6200
While stocks are down quite deep and into the category of top losers include Delta Jakarta (DLTA) fell to Rp 3,000 to Rp 124,500, United Tractor (UNTR) fell to Rp 1050 to Rp 26,500, Mayora (MYOR) fell Rp 800 to Rp 15 600 , and Ocean Indonesia (SMDR) fell Rp 550 to Rp 5,600.
source: forbes.com
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