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Sunday, February 23, 2014

JCI to continue strengthening the position of 4,652 points

JCI to continue strengthening the position of 4,652 points


 Composite Stock Price Index ( CSPI ) in Indonesia Stock Exchange ( IDX ) on Monday returned to continue strengthening the position corrections overshadowed 4,652 points despite several global markets .

BEI index opened up 6.62 points, or 0.14 percent, to 4652.78 . While the index of 45 leading shares ( LQ45 ) rose 1.72 points ( 0.22 percent ) to a level of 786.61 .

" Technically BEI index still has the potential to increase. However , given its position is already in overbought area ( overbought ) and begin correction may interfere with some global exchanges BEI index rate , " said the Head of Research of the Trust Securities , Reza Priyambada on Monday .

He said , market participants are expected to remain constantly aware of the potential to reverse the direction of the negative area JCI sentiments when there are not too supports the increase .

For this week , he added , some of the economic data that will be of concern among investors in U.S. home sales data and China . Then , inflation data , consumer confidence , and the industry in the Euro area countries .

Meanwhile , Head of Research Valbury Asia Securities , said the potential increase Alfiansyah BEI index held back by technical factors as JCI has been overbought .

" The threat of higher inflation as a result of natural disasters also need to watch out , because it may affect the bank's benchmark interest rate , credit and investment consumption . This in turn will have implications for the level of consumption and the growth of companies in a particular sector , " he said .

Regional exchanges , including the Hang Seng index fell 202.88 points ( 0.90 percent) to 22365.36 , the Nikkei rose 35.29 points ( 0.24 percent ) to a level of 14900.41 and Straits Times gained 5.47 points ( 0.18 percent ) to 3105.58 position .

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