JAKARTA: Jakarta Composite Index (JCI) may fluctuate today after a 0.26% slump to 3,834.2 yesterday. The movement of regional markets will serve a catalyst to stock trading today.
Minna Padi Investama said that the regional indeces will give high influence to the JCI. "JCI is predicted to stay above the support level at 3,819. We suggest to monitor shares like BUMI, BORN, abd BMRI," it said.
Panin Sekuritas, however, predicts the JCI to move mixed with tendency to weaken to 3,804-3,850.
There is an opportunity to buy on weakness on shares like banking, property, and mining. The recommended shares are ITMG, ADRO, CPIN, and BMRI.
Similarly, Sinarmas Sekuritas said that technically the index will moe mixed at 3,821-3,845 today. The recommended shares are PTBA, ASII, BUMI, and GGRM.
Meanwhile e-Trading Securities projects the index to move between 3,799-3,856 with recommended shares like INDY, ITMG, and BUMI.(NOM)
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Source: http://www.bisnis.com/market-english/26204-market-watch-jakarta-stocks-to-fluctuate-buy-bumi-bmri
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