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Wednesday, January 15, 2014

JCI opened up so 4,455 points


JCI opened up so 4,455 points

Composite Stock Price Index ( CSPI ) in Indonesia Stock Exchange ( IDX ) opened higher on Thursday , up 13.95 points, or 0.31 per cent to 4455.55 points .

Index of 45 leading stocks ( LQ45 ) also rose , up 3.59 points ( 0.48 percent ) to a level of 756.06 .

" The continued rise in global stock indices , especially the Asian indices today , again providing support for the local stock market index to the positive territory , " said the Head of Research Valbury Asia Securities , Alfiansyah .

According to him , the odds increase in JCI in stock trading today but still can belanjut market participants need to be aware of the possibility of profit taking given the JCI in the last three days continued to rise .

He said that the gesture would be a better world economy this year , such as the prediction of the World Bank , would be a positive signal for the JCI movement .

" Market participants are optimistic about the global economic recovery this year , after battered by the crisis , " he said .

While Team Technical Analyst Mandiri Securities in her study stated , foreign funds continue to enter the positive sentiment for JCI .

Nevertheless, according to analyst Tim Mandiri Securities , investors should be wary of profit-taking , following a rise in the stock index has reached 6.23 per cent in the last five days .

They estimate the potential JCI rose in the range of 4407-4494 points today .

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