Market Update (July 4, 2017)

(OpisBoi‘s Technocopter) The Indonesia Benchmark Stocks closed at a new high level at b or jumped for 1.38%, and trade at its full pace with TLKM and some heavy stocks to lead after a long holiday of Iedul Fitri. There were around IDR8.72tr posted from a total of 6,754,626,574 shares traded, where Foreign Investors recorded a net purchase of IDR476bn across the board.

A Deliberation Candlesticks Formation with around 3.2% vollatility’s – in the last 5 trading days supposedly to take the JCI to enter a Consolidation Phase in the next trading sessions, should the market fail to push the Index to reach its resistance level at around 5,928 – 5,931.

Having said that, some of the heavy stocks within the upstream industry which still have an upside and a positive swing should be able to give JCI room to walk around 5,880 – 5,960 pts for today’s trading sessions.

These stocks might still have some room for trading (TradingBuy); PGAS HMSP ICBP INDF TLKM BJBR BJTM BNGA LSIP(OnScreen); BUMI HRTA BWPT BRMS DEWA PWON CTRA SMRA;


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