Go Finance Reporting - Composite Stock Price Index (IHSG) today expect to move in the range of 3701-3780 with due regard to mining stocks and commodities are being dashed.
As for those stocks such as PT Bumi Resources Tbk (BUMI), PT Indah Kiat Pulp and Paper Tbk (INKP), PT Berau Coal Energy Tbk (Brau), and PT Aneka Tambang Tbk (ANTM).
"Technically seen IHSG is still in a bullish phase. It appears that the strengthening of the index followed by the increase in volume, and SMA5 line above the line of SMA20 and SMA60," said team Etrading Securities analyst, in Jakarta, Wednesday (01/05/2011).
As is known, IHSG closed yesterday rose 32 points or 0.87 percent to a level equivalent to the value of transactions 3760.06 Rp7 trillion. IHSG movement is still driven by coal mining sector and banking.
"Foreigners own recorded still make a net buy of Rp583 billion to the sector that many entered the coal mining and consumer goods," he said. (GoFinance)
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