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Monday, January 27, 2014

JCI opened lower by 11.15 points

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 JCI opened lower by 11.15 points

- Composite Stock Price Index ( CSPI ) in Indonesia Stock Exchange ( IDX ) on Tuesday opened lower by 11.15 points at the middle of the movement of stock markets in Asia are varied .

BEI index opened down by 11.15 points or 0.26 percent to 4311.63 . While the index of 45 leading shares ( LQ45 ) fell 2.87 points ( 0.40 percent ) to a level of 719.53 .

Head of Research Valbury Asia Securities , Alfiansyah , Tuesday said that at the opening of trading , Asian stock markets moved with limited volatility .

" This could be the indication that the JCI also tend to move mixed with a limited correction opportunities , " he said .

On the other hand , he said , investors consider reduction plan asset purchases by the Federal Reserve and worries about a slowdown in China's economy .

He said that the Fed policy meeting will start on Tuesday for two days. Market concerns that the Fed 's meeting will again cut the amount of monthly bond purchases at 10 billion U.S. dollars .

Kresna Securities analyst , Etta Rusdiana Son added pressure on the stock market is also influenced by concerns that the domestic inflation rate will increase with the floods that inhibit the distribution of goods

" We expect inflation in January 2014 was in the range of 0.8 per cent increase compared to the previous 0.6 months in December 2013 , " he said .

He estimated that the circulating current sentiment still tend to trigger pressure on domestic stocks , JCI will move in the range of 4270-4360 on Tuesday 's .

Regional exchanges , including the Hang Seng index fell 28.55 points ( 0.13 percent) to 21947.55 , the Nikkei rose 37.01 points ( 0.25 percent ) to a level of 15043.27 and Straits Times fell 0.90 points ( 0.3 percent ) to 3041.52 position .

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