Still Rely Foreign
10:14 PM
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Still Rely Foreign
JAKARTA, KOMPAS.com - Foreign investors still become a mainstay of the Indonesia Stock Exchange to move Composite Stock Price index.
"Strong economic fundamentals make Indonesia Indonesian capital market attractive in the eyes of foreign investors," research analyst call Purwoko Sartono Panin Securities.
JCI yesterday after a volatile move sharply higher, the index eventually closed down 0.68 percent at 2720.862 level. Index increase occurs as the action of buying banking shares amid pressure on mining and plantation stocks.
"Interest in buying by foreign investors were also seen decreased when compared with the previous days but still recorded a net buying," he said.
He projected that, today the index will move in the range of support-resistance 2708-2756. The stock options include: KLBF, BBNI, BMRI, and SMRA.
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