JAKARTA: Political developments in Greece after the election and the meeting of Bank Indonesia governors on monetary policy and interest rates will drive sentiment to Jakarta Composite Index. Stocks to watch: JPFA, TLKM, DGIK, BMTR, BHIT, BBRI, INTP, KLBF, TBIG.
Panin Sekuritas:
Negative sentiment from Europe after the election last week is still shadowing the regional markets, including JCI for some time to come.
JCI is predicted to move in mixed directions today, with tendency to weaken in support-resistance level in range of 4,100 – 4,150.
e-Trading Securities:
In today’s trading, JCI will test its support level with support 2 at 4,040, resistance 1 at 4,180, and resistance 2 at 4,232. Stocks to watch: JPFA, TLKM, DGIK.
JCI was closed down 52 points (-1.24%) to 4,129,06 in yesterday’s trading on 7.14 million lots transactions valuing IDR4.72 trillion.
According to a technial analysis, JCI continued the selling pressure from its minor downtrend in yesterday’s trading and closed precisely at its support line.
Minna Padi Investama:
JCI will try stand over the level support of 4,109. It’s better to wait and see while waiting for rebound confirmation signal. Stocks to watch: BMTR, BHIT, BBRI.
Sinarmas Sekuritas:
According to a technical analysis, JCI may move in mixed directions with tendecy to weaken in range of 4,105 – 4,167.
Political development in Greece after the election could affect the policies of budget cut and agreement related to the policy to handle Europe’s debt crisis. The central bank governors meeting on Indonesia’s monetary policy and interest rates could also bring sentiment toward the index. (T06/msw)
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