Analayst: JCI May Begin to Rebound on Thursday`s Trading Session
26 May 2016 13:36 WIB
TEMPO.CO, Jakarta-The Jakarta Composite Index (JCI) at the Indonesian Stock Exchange (IDX) went up slightly by 0.10 percent or 4.59 points to commence trading at 4,777.57 points at the start of Thursday's trading session, May 26, 2016.
The Head of Research for NH Korindo Securities Indonesia, Reza Priyambada, said that the JCI is showing signs of a positive correction - and is expected to hover around a support level between 4,702-4,734 points, and a resistance level between 4,793-4,819 points.
Reza also said that the JCI's possibility for an uptrend may continue, as a similar trend could be observed across share markets around the globe. "That said, if the JCI failed to reach around 4,750 points, and investors choose to engage in profit-taking instand, then the JCI may hover around 4,686-4,691 points," explained Reza through a press statement released on Thursday morning, May 26, 2016.
Shortly after the start of trading, the JCI dipped by 0.07 percent or 3.76 points to 4,768.21 points at 09.22 Western Indonesia Time (WIB). Top performing shares at the start of Thursday's trading session include CNK, NIPS, CTTH, LMPI, dan MEDC - while the worst performing shares this morning includes PICO, IMJS, SQMI, ADMF, and MIKA.
VINDRY FLORENTIN