Thursday 13 October 2011

Negative news from Spain, JCI can be corrected Again

Composite Stock Price Index (CSPI) yesterday closed up 39 points but was unable to maintain the highest level in 3700. Profit-taking after rising high enough to make JCI failed to maintain the best performance.

In trading on Thursday (13.10.2011), Jakarta Composite Index rose 39.453 points (1.08%) to the level of 3675.384. While LQ 45 Index rose 6.546 points (1.01%) to a level of 652.052.

Predicted continued profit taking on Friday trading (14/10/2011). Investors will take advantage of weaker regional markets to continue selling the shares, taking profits after a sharp rise earlier.

Moreover, there is negative news from Europe that is downgrading Spain. Rating agency Standard & Poor's downgraded Spain 1 Noth from "AA" to "AA-" with negative outlook due to high unemployment, tighter financial conditions and weakening economies of the Spanish debt trading partner.

Wall Street yesterday finally weakened. The Dow Jones and S & P 500 closed lower after experiencing a significant strengthening. But the Nasdaq gained thanks to the surge in shares of Vertex Pharmaceuticals Inc..

Correction in the Dow Jones and S & P 500 occurred after the release of financial reports and JPMorgan data show weakening of trade in China, thus adding to concern about slowing economic growth in profitability.

In trading Thursday (13.10.2011), the Dow Jones closed down 40.72 points (0.35%) to as low as 11478.13. The broader Standard & Poor's 500 index also fell 3.59 points (0.30%) to a level of 1203.66 and the Nasdaq gained 15.51 points (0.60%) to a level of 2620.24.

Regional bourses weakened directly participate. Following the movement of regional exchanges on this Friday morning:

    The S & P / ASX fell 27.4 points (0.65%) to a level of 4217.1.
    Nikkei-225 index fell 40.34 points (0.46%) to a level of 8782.91.


The following recommendations for the stock today:

Panin Securities:

JCI return to continue the increase in trading yesterday. Still visible movement of restricted stock and bluechips start selling pressure began to appear towards the close of trade. Rate cut euphoria began to subside in the BI Rate. In addition, investors re-focus on the problem of European debt crisis and fears of a global economic slowdown. Today we projected the index would move mixed support-resistance in the range of 3625-3730.

eTrading Securities:

JCI trading Thursday (13/10) closed up 39.45 points (+1.09%) to a level of 3,675.38 by the number of transactions a total of 18 million lots and value of transactions amounting to Rp 6 trillion. Almost all sectors of the stock in trade yesterday strengthened unless the consumer sector (-0.44%).

There were 164 stocks gain, 68 stocks declined, 70 stocks unchanged and 153 shares not traded at all. Stocks that become the driving stock a.l. ASII, BDMN, PTBA, BYAN and INDF, while the shares of the ballast exchange at today's al GGRM, TLKM, UNVR, PGAS and TPIA. Recorded net foreign conduct amounting to Rp933.9 billion to buy the most shares are bought is EARTH, ASII, BMRI, BBNI and PTBA. The rupiah was trading 45 points higher return to the level of Rp8, 870 per U.S. dollar.

Technically, Candlestick JCI poia potentially form a spinning top indicates a bearish reversal signal. MA 5 and MA 20 has succeeded in forming a golden cross, but the stochastic indicator has entered the overbought area In trading today (14/10), JCI is expected to move potentially fluctuating with a tendency corrected, JCI is expected to move in 3620-3714 range with stocks which can be considered al ISAT, JPFA, and excl.

0 comments:

Post a Comment