TEMPO Interactive, Jakarta:The uncertainty of the global recovery over the slowing down of the United States economy is causing the investors some worry.
The Dow Jones industries index which was corrected below the level of 12,000 last week will affect the local index movement yet again. The drop in oil prices to below the level of US$100 per barrel may also burden trade in the regional stock markets.
This may have led to a decline of the composite stock price index (IHSG) in the Indonesia Stock Exchange (IDX) at the beginning of this week, on Monday, June 13, 2011.
Wisnu Karto, an analyst from PT eTrading Securities, said that based on technical indicators, the market may potentially be corrected even after the index dropped below the lower limit of the trend. In addition, the 5-day and 20-day moving average have formed a death cross, he said.
Wisnu predicted todays index will float within the range of 3,757-3,810 with a tendency to weaken. Stocks that deserve some attention today are: Semen Gresik (SMGR), Holcim Indonesia (SMCB), and BW plantation (BWPT).
Last week, the index dropped again by 18.539 points (0.49 percent) to the level of 3,787.648. The selling pressure that hit leading stocks such as Astra International (ASII), Bank Mandiri (BMRI), PT Telkom (TLKM), Bumi Resources (BUMI), and Bank BNI (BBNI), caused the index to slump below the level of 3,800 for the first time since May 26.
Cumulatively, in a week, the index dropped 56.372 points (1.47 percent) from the previous weeks position of 3,844.02.
VIVA B. KUSNANDAR
Source: tempo
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+ Arsip Berita Indonesia - Index may Still Go Down.
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Source: http://arsipberita.com/show/index-may-still-go-down-245976.html
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