JAKARTA: Jakarta Composite Index (JCI) is likely to weaken in today's trading. Political developments in Greece after the election will drive sentiment. Stocks to watch: MDLN, CTRS, UNVR, GJTL, SGRO, APLN, BBTN, BBRI, PGAS, INDF, GJTL, LPKR, BMTR, and UNTR.
The following are recommendations from stock brokerages:
Panin Sekuritas
JCI is expected to fluctuate with a tendency to weaken. The range of support-resistance level is 4,159-4,198. Stocks to watch: MDLN, CTRS, UNVR, GJTL, and SGRO.
Minna Padi Investama
JCI is expected to stay above the support level at 4,158. Investors need to buy property and banking stocks on weakness. Stocks to watch: APLN, BBTN, and BBRI.
E-Trading Securities
In today's trading, JCI is still in the minor downtrend so it is a good time to perform selective buying for high-volatile-stocks. Stocks to watch: PGAS, INDF, GJTL and LPKR.
Sinarmas Sekuritas
According to a technical analysis, JCI is likely to move in mixed directions with a tendency to weaken in the range of 4,150-4,210. Greek political developments after the presidential election will drive sentiment. Stocks to watch: BMTR, INDF, BBRI, and UNTR. (msw)
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