IDX Composite Index Lacking Incentive, Seven Stock Picks

Bisnis.com, JAKARTA—First Asia Capital expects the IDX Composite Index (ICI) for today, Wednesday (9/24/2014), to move into a range of support at 5,150 and resistance at 5,210.

“The ICI is likely to see a correction following the lack of positive incentives and the development of foreign markets that are less favorable,” said First Asia Capital analyst David Sutyanto in a research report received today, Wednesday (9/24/2014).

He expressed an expectation that the ICI will move into a consolidation trend.

First Asia Capital recommends seven stocks to be considered in today’s trading, namely:

BMRI 10650-10800 TB, SL 10450

PTBA 13300-13625 TB, SL 12800

LSIP 1850-1920 TB, SL 1835

MAIN 3400-3550 TB, SL 3300

KLBF 1670-1710 SoS, SL 1660

TINS 1250-1300 Buy, SL 1220

SMRA 1280-1340 TB, SL 1250

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