Danpac Securities: JCI Continue Strengthening

Jakarta - Jakarta Composite Index on the trade earlier this week (15/10) re-closed in positive territory despite just finished up a very thin flat or inclined. Throughout the JCI trade goes in negative territory amid mixed trend of other Asian regional markets are influenced by issues a negative outlook global corporate performance in the third quarter due to the global economic slowdown trend. Success index closed in positive territory helped by strengthening sector-Basic Industry and Trade which closed up 0.77% and 0.67%. On the other hand Aneka-sector weakness and Mining Industries by 1.10% and 0.97% JCI limiting role. While Foreign investors recorded net selling thin look of Rp 46.19 bil... More »

JCI get positive sentiment from Wall Street

Jakarta - Jakarta Composite Index (JCI) was finally able to get up and anchored in the positive zone. Although only edged up 2 points, JCI break a new record in 4313. Close the trade, Monday (10/15/2012) index closed up 2.131 points (0.05%) to a level of 4313.522. LQ45 index rose 0.618 points to a record 746.600. Overnight, stocks on Wall Street managed to rebound from last weekend`s correction driven Citigroup`s financial performance that exceeded market expectations soared. At the close of trading Monday, the Dow Jones gained 95.38 points (0.72%) to 13424.23. The Standard & Poor`s 500 index added 11.54 points (0.81%) to 1440.13. The Nasdaq Composite Index advanced 20.07 points (0.66%) to 3... More »