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10/23/11

Analyst: Tomorrow, CSPI likely rebound?

JAKARTA. During the past week, the movement of Composite Stock Price Index (CSPI) still follow the trend of regional exchanges are moving both directions following the global sentiment
, especially from the European Union. Although, at the close Friday (21/10), Jakarta Composite Index slid 2.11% still,but the opportunity is projected to strengthen in early this week.

Head of Research Universal Broker Indonesia Satrio Utomosaid, there are still opportunities JCI could rebound in opening trade on Monday (23/10). "The opportunity to rally following therise in the Dow Jones rose at the close of the weekend more or less 2.3%," projection Satrio, Sunday (23/10)

In contrast, Jansen Kustianto, Sinarmas Securities analysts are still a bit pessimistic about the chances of JCI. He estimates, the index most likely still corrected at the opening tomorrow.

Still, both analysts are unsure if the trend movement of JCI andregional markets will be affected the decision of the High levelConference (Summit) European Union, on this night. "If the EU summit relief to market participants, CSPI will likely go rebound," said Jansen, Sunday (23/10).

Satrio predict, tomorrow, JCI will move in a support position first in 3580, and could likely fall back to 3525. "If it can be trying torally the resistance level in 3643, would be impregnableoptimistic if rebound," said Satrio.

According to him, which probably led the sector indexes rally in financial and commodities, especially coal. "During the weeks of this, many financial sector firms will be publishing its financial statements, it could lift its stock price confidence," concludedSatrio.
source:kontan.co.id
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