Market Update (June 14, 2017)


(OpisBoi‘s Technocopter) The Jakarta Composite Index rests slightly higher from the uptrend support at 5,712 – 5,715, surge by 0.28% to 5,707.65 pts. Following Mining, Misc-Industry and Basic Industry which grew by 0.75%, 0.73%, 0.66% respectively, along with 5 other sectors managed to push the market to hold on the 5,700s area.

There were 169 gainers, 173 decliners, and 109 stocks unchanged, whereas the market recorded a total net value of IDR4.64tr from the total of 61,418,919 shares traded. On the other hands, Foreign Investors cashed in their gain by recording a net sell for IDR169bn, across the board.

Having said that, A Ladder Bottom Formation ahead of this Wednesday Fed’s Policy, where expected to considerably in-line with the market’s expectation, signaling that the index will head north and breach the 5,712 – 5,715‘s uptrend support.

With around 1.2% vollatility‘s – in the last 5 trading days, JCI is expected to walk around 5,707-5,728 pts this Wednesday

Some of these stock had a possible bullish continuation (TradingBuy); ADHI BBNI ICBP INTP TLKM WSKT LPPF ADRO DOID UNTR AKRA ANTM SRIL SSMS ASII BMRI BMTR BHITForeign Investors eyed on some of these stocks; BSDE LPCK ACES RALS POLY SIDO INAF KAEF NIKL CEKA MEDC(OnScreen); BUMI BWPT BRMS DEWA PWON CTRA SMRA;

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