Market Update (July 6, 2017)

(OpisBoi‘s Technocopter) Indonesia Composite Index end by 0.69% lower and closed at 5,825.05 pts, where the falling stocks outnumbered the rising ones by 193 to 137. Only 2 out of 10 sectors, flew in the safe zone and booked 0.24% gains on average.

A total of 6,658,057,410 shares traded for a Net Value of IDR6.63tr. And by the same time, foreign investors recorded a net sell by IDR298bn across the board by reducing their exposure on several heavyweight stocks like; HMSP UNVR GGRM ICBP KLBF and led the consumer sectors drowned by 1.03%.

Three Inside Down Candle that appeared on the last trading sessions, could act as a reversal at the 38.57% Stochastics with 5,797 to 5,805 for its support. Therefore, JCI is expected to be able to walk around 5,795 – 5,849 pts. As seen, foreign investors add more exposure and do bargain hunting on some BigCaps, such as; BBCA PGAS UNTR INDF.

These stocks might still have some room for trading (TradingBuy); BBCA BBNI BJBR BJTM BBTN PPRO PGAS AKRA LPPF RALS SMBR SMCB WIKA ADHI; Foreign Investors eyed on some of these stocks; PNBN BNLI DOID ITMG LPKR LPCK ROTI(OnScreen); BUMI HRTA BWPT BRMS DEWA PWON CTRA SMRA;


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