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Monday, March 10, 2014

Composite Index opened down 3.86 points Tuesday

Composite Index opened down 3.86 points Tuesday

 Composite Stock Price Index ( CSPI ) in Indonesia Stock Exchange ( IDX ) opened slightly lower Tuesday 3.86 points , or 0.08 percent, to 4673.38 .

Head of Research Securities Trust Reza Priyambada on Tuesday said that the BEI index opened slightly lower , but on his way back in positive territory following the improvement in the majority of Asian stock markets .

"The recovery in Asian stock markets will have a positive impact on the Indonesian stock market index trading today after yesterday's trading Indonesian stocks have a correction , " he said .

Nevertheless , he added , investors should also remain alert to the position of JCI are still around the overbought area ( overbought ) , provide opportunities feared further correction .

" If the journey is no less supportive sentiment , remain wary of potential decline , " he said .

Meanwhile , Sinarmas Securities analyst Reza Christandi Mihardja expect the index to move to fluctuate at the level of 4658-4710 points .

" The movement of the index this Tuesday will be affected by interest rate decisions in Japan are expected to be maintained at the level of zero percent and the German trade balance data will be released , " he said .

Meanwhile , he added , China's export data in February which is lower than the estimated expected to give a negative sentiment towards trading today , especially commodities .

Regional exchanges , including the Hang Seng index rose 3.74 points ( 0.02 percent) to 22268.67 , the Nikkei rose 109.43 points ( 0.72 percent ) to a level of 15228.72 and Straits Times gained 15.35 points ( 0.50 percent ) to 3142.34 position .

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