Wall Street performance buoys JSX<\/p>\n
JAKARTA (JP): Steady performance in Wall Street and the
\nregional bourses kept the Jakarta Stock Exchange (JSX) from
\nfalling below its support level of 450 last week.<\/p>\n
The market, however, was seen trading in a narrow range of
\nbetween 453 and 454 during the week, as investors still
\nmaintained a wait-and-see attitude for other leads to indicate a
\nfirm direction of the market.<\/p>\n
The JSX Composite Index closed the week at 454.69, up 1.55
\npoints (0.34 percent) from the previous week's opening of 453.14.<\/p>\n
The end of the week saw trading picking up on the back of
\ndomestic investors. Gains however eroded towards the end of the
\nsession, as many were cashing out ahead of the Idul Fitri holiday
\nlater this week.<\/p>\n
Technically, there are indications that the market could be
\npicking up. However, this will need support from foreign
\ninvestors, which are not expected to come in until after the Idul
\nFitri holiday. Thus, the market is more likely to maintain its
\ncourse side ways this week.<\/p>\n
Selective buying by local players kept the market from
\ndrifting down. Local players were still seen speculating on
\nproperty sector shares, most of which have become very cheap.<\/p>\n
Counters which were actively traded by domestic players last
\nweek included Indosat, Pakuwon Jati, Indah Kiat, Indofood, Pan
\nBrothers, Mayatex, BDNI, Duta Anggada, Dharmala Intiland,
\nLippoland and PSP.<\/p>\n
Foreign players were less active last week. Some remained on
\nthe sideline despite the up-beat regional performance. Counters
\nwhich saw active trading for foreigners included Indosat, BDNI,
\nLippo Bank, Indah Kiat, Bukaka, Gadjah Tunggal, Astra Int'l,
\nSampoerna, Darya Varia, Duta Anggada, Lippoland, PSP, Indofood,
\nSemen Gresik and Indocement.<\/p>\n
Average daily turnover on the regular board decreased to 15.85
\nmillion shares worth Rp 43.70 billion (US$19.77 million) last
\nweek, as compared to 19.65 million shares worth Rp 58.64 billion
\nin the previous week.<\/p>\n
Last week's total turnover also decreased to 140.30 million
\nshares valued at Rp 454.73 billion from 367.72 million shares
\nvalued at Rp 839.06 billion in the previous week.<\/p>\n
Some of the best performers last week were HM Sampoerna (up Rp
\n700), Bank Internasional Indonesia and Semen Gresik (up Rp 600
\neach), Summarecon (up Rp 500) and Indorama (up Rp 450). The
\nbiggest losers were Astra Graphia (down Rp 1,850), Tancho
\nIndonesia (down Rp 850), Goodyear (down Rp 600), Aster Dharma
\n(down Rp 525) and Voksel Electric (down Rp 500). Losers
\noutnumbered gainers by 63 to 52, while 31 remained unchanged.<\/p>\n
-- Sigma Batara<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/wall-street-performance-buoys-jsx-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }