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Tuesday, February 18, 2014

Composite Index edged up 3.30 points opened



.
Composite Index edged up 3.30 points opened


 Composite Stock Price Index ( CSPI ) in Indonesia Stock Exchange ( IDX ) on Wednesday opened up by 3.30 points, still supported by improving domestic economy .

BEI index opened up 3.30 points, or 0.07 percent, to 4559.49 . While the index of 45 leading shares ( LQ45 ) rose 0.85 points ( 0.11 percent ) to a level of 767.32 .

" The improvement in some macroeconomic data still survive in the area make JCI JCI is positive despite the overbought area ( overbought ) , " said analyst HD Capital , Yuganur Wijanarko on Wednesday .

He added that Indonesia is a series of economic data released since the beginning of February as Indonesia's trade balance surplus in the period of December 2013 , the increase in foreign exchange reserves , and increased economic growth remains positive sentiment .

However , he added , market players need to remain alert to profit taking because many stocks whose value is quite high in recent days .

Kresna Securities analyst , Etta Rusdiana son added , the domestic market sentiment is still quite favorable , the data on the balance of payments deficit in the fourth quarter of 2013 at 2.0 percent of gross domestic product ( GDP ) or much better than the third quarter of 2013 which is 3.8 percent GDP .

On the other hand , he added , capital flows still get into the stock market . IDX data recorded in this year , foreign investors recorded net buying ( net buy ) Rp 6 , 35 trillion .

Nonetheless , the selling pressure of short-term players will hold JCI . BEI index is projected to move in the range of 4530-4600 points on the day .

Regional exchanges , including the Hang Seng index rose 58.46 points ( 0.26 percent) to 22646.18 , the Nikkei index fell 98.78 points ( 0.67 percent ) to a level of 14743.57 and Straits Times gained 20.54 points ( 0.67 percent ) to 3091.28 position .

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