JCI Up Slightly 0.181% on Secondliners

Friday, 27 April 2007 18:19:37
StockWatch (Jakarta) - The Jakarta composite index (JCI) closed slightly higher today (27/4) by 3.643 points (0.181%) at 2,019.676 and the hike at the new highest level was triggered by secondliner stocks, while most bluechips were down after rising sharply in Thursday's (26/4) trading.

However, the LQ45 Index ended down by 0.668 point (0.154%) at 432.021 and the Jakarta Islamic Index (JII) closed lower by 0.641 point (0.183%) at 349.560.

The potential hike at a higher level was halted by decline in prices of mining commodities' and plantation sector stocks, BNI Securities' analyst Muhammad Alfatih told e-bursa.com today (27/4) in Jakarta.

Alfatih said the index is technically moving within an upside trend while the regional markets are also likely to increase further. He said the Jakarta index is expected to rise next week (April 30-May 4, 2007) at 2,068-2,100. "The hike will be sparked by the increasing transaction volume, while the MACD indicator still indcates an increase," he said.

Meanwhile, inflation rate in April which is expected to be under control is likely to open chances for gradual BI Rate cut in the months to come. "Among sharegs that are likely to move up next week are BBCA, BDMN, BNGA and some property sector stocks," Alfatih added.

Among the losers were INCO by IDR800 or 1.30% at 60.800, TINS by IDR650 or 5.12% at 12,050, AALI by IDR600 or 3.70% at 15,600, ANTM by IDR250 or 1.58% at 15,600, BBRI by IDR100 or 1.82% at 5,400, TLKM by IDR50 or 0.46% at 10,750, ASII by IDR50 at 0.33% at 14,900 and PGAS by IDR50 or 0.47% at 10,700 per share.

At the same time, INTP was up by IDR200 or 3.51% at 5,900, CMNP by IDR200 or 8.42% at 2,575, UNTR by IDR150 or 1.95% at 7,850, BHIT by IDR120 or 10.43% at 1,270, ISAT by IDR100 or 1.48% at 6,850, BBCA by IDR100 or 1.87% at 5,450 and BMTR by IDR60 or 5.31% at 1,190 per unit.

Foreign buying today consisted of 420.640 million shares with value of IDR754.192 billion with selling of 361.502 million shares valued at IDR400.122 billion which caused net bying of IDR354.070 billion, lower than yesterday's (26/4) net buying worth IDR565.895 billion.

The total transaction volume consisted of 5.749 billion valued at IDR3.974 trillion with frequency of 51,810 transactions, while the total number of active stocks was 232 with 97 gainers, 88 losers and 47 unchanged.

In detail, trading in the regular board was 4.569 billion shares worth IDR3.233 trillion, while that in the crossing board was 781.888 million shares vakued at IDR664.864 billion, and in the negotiated board 24.430 million worth IDR18.606 billion. (yan/bud)