Thursday 14 July 2011

Weekend, JCI Potentially Back to 4000

Composite stock price index (CSPI) on the Indonesian Stock Exchange re-entrenched in the positions predicted 4,000, or the psychological level as well as new record highs in the history of trade that was achieved last Friday, July 8, 2011.
According to analysts of the Securities Analysts Association of Indonesia, Ukie Jaya Mahendra, JCI is expected to play again in the range of 4000-level in trading today, Friday, July 15, 2011. JCI movement because it supported a number of positive sentiment in the country and overseas.
"Domestic factors such as the sentiment that the financial statements the first half of 2011 and a number of blue chips in the mining sector that has not increased much," he told VIVAnews.com here on Thursday evening July 14, 2011.
In the meantime, sentiment abroad, he said, related to commodity price of gold through the highest level in the new position of U.S. $ 1,578.89 an ounce from U.S. $ 1575.79 per ounce recorded May 2 last. In addition, world crude oil prices are rising again.
"The economic data is good in America, after the speech by Federal Reserve Governor Ben Bernanke that support acceleration of the economy," said Ukie.
Positive factors abroad, according Ukie, will be a positive response to global and regional markets, including Indonesia stock exchange. "So, for this weekend, JCI has the potential to penetrate more powerful level of 4,000," he said.
Robin Setiawan, PT Valbury Asia Securities analyst also believes similar. CSPI on Friday trade remain well above chance levels of 4,000.
"Commodity prices outside, both mines and plantations which could rise prompted investors to buy shares again enliven the transaction," he said.
Meanwhile, in trading Thursday, JCI seen as the leader of the strengthening of regional stock indexes end higher after 16.79 points, or 0.42 percent at 3997.63 position.
In regional markets, the Hang Seng index closed up 13.32 points (0.06 percent) to a level of 21940.20, the Shanghai Composite rose 14.97 points (0.54 percent) to 2810.44, and the Straits Times rose thin 0, 28 points or 0.01 percent at 3088.70 position

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