Thursday 13 October 2011

Investor Awaiting G20 meeting of the European settlement of the debt crisis,

Composite Stock Price Index (CSPI) fell 14 points in the middle of a quiet transaction. Investors are still awaiting the results of the G20 meeting of the European settlement of the debt crisis.

Venturing weekend trading, stock index opened down this morning slim 3.469 points (0.10%) to the level of 3671.915. Global economic situation again shaken by lower ranking Spain made regional exchanges blush.

JCI movement was all thin and fluctuated, the index several times back and forth between red and green zones. The highest position that can be achieved today in the index 3688.140, while the lowest at 3662.108.

At the closing session of the trading on Friday (14.10.2011), JCI thinning 14.202 points (0.39%) to the level of 3661.182. While LQ 45 Index fell 2.477 points (0.38%) to a level of 649.575.

Investors are still waiting for action while awaiting the results of the G20 meeting was to discuss the handling of European debt crisis. Thus the value of transactions on the trading floor is not too crowded.

Trade today went pretty quiet with a frequency of 56,734 times on transaction volume reached 2.486 billion shares worth Rp 2.953 trillion. A total of 73 stocks rose, the remaining 105 shares fell, and 84 shares stagnant.

The transaction value is high because there is a purchase of shares in PT Bumi Resources Tbk (Bumi) on the market until the negotiation of Rp 1.61 trillion. It facilitated the transfer of shares of Credit Suisse (CS) and Deutsche Securities (DB).

Although tend to blush, not all the sectoral indices fell in the negative zone. Some sectors are still able to survive in the green zone on selective buying, such as agri sector indexes, and basic industries.

Foreign investors are still consistently invest in the domestic stock market. Until this afternoon, though thin, foreign investors recorded net purchases.

Negative sentiment from the European regional bourses beat up lying in the negative territory, but this morning there are those who are able to strengthen.

The following conditions bourses in Asia until this afternoon:

    Shanghai Composite Index dropped 26.76 points (1.10%) to a level of 2412.03.
    Hang Seng Index fell 261.64 points (1.39%) to as low as 18496.17.
    Nikkei 225 index fell 62.07 points (0.70%) to a level of 8761.18.
    Straits Times Index fell 5.91 points (0.22%) to a level of 2728.06.

The shares are up significantly and entered the ranks of top gainers among Supreme Cable (SCCO) up to Rp 500 to Rp 2,500, Indospring (inds) rose Rp 325 to Rp 3700, Astra Agro (Aali) up to Rp 300 to Rp 19,000, and Cement Gresik (SMGR) rose Rp 250 to Rp 8850.

While stocks are down quite deep and into the category of top losers among others Gudang Garam (GGRM) fell Rp 1,000 to Rp 57,950, Astra International (ASII) fell Rp 850 to Rp 67,050, HM Sampoerna (HMSP) fell Rp 750 to Rp 30,200, and Multibreeder (Mbai) dropped $ 700 to Rp 14,750.

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