Market Update (June 16, 2017)


(OpisBoi‘s Technocopter) The Jakarta Composite Index was choked last Thursday, skidded for -0.29% edge lower at 5,776.28pts. Misc-Industry, Agribusiness and Properties sectors were tumbled down for -2.31%, -0.58%, -0.47% respectively and pushed the Indonesia Benchmark Index down by 16.61 pts.

Foreign Investors continues to cashed in their profit and this time they recorded a total Net Sell of IDR269bn, as the market roared for a total value around IDR5.4tr which was taken from 6,549,910,533.00 shares traded.

A Doji Star Candle after the White Marubozu Lines, forming a Harami Cross signaling the market is pausing and resting at its distribution phase around 5,745 – 5,790 prior Ied Festive. Therefore, JCI expected to bouche around 5,765 – 5,795 pts this Friday and to close the weekend session.

These stocks still had a possible positive swing and could go little further north (TradingBuy); BBNI BMRI ICBP INTP TLKM ADHI WIKA WSKT LSIP AALI LPPF DOID ITMG PGAS SRIL SSMSForeign Investors eyed on some of these stocks; BMTR MAPI BJTM AGRO PNLF KAEF INAF MIKA TINS BFIN SSIA TOTL(OnScreen); BUMI BWPT BRMS DEWA PWON CTRA SMRA;

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