Stay away from the IDX Index Up 3000 Points

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Stay away from the IDX Index Up 3000 Points

Friday, 23 July 2010 10:34

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Stay away from the IDX Index Up 3000 Points
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Jakarta - Trading of shares on the Indonesia Stock Exchange, Friday in a crowded market opening, because the actors do the action that encourages buying Composite Stock Price Index climbed away from the level of 3000 points, due to the improvement on Wall Street.

Composite Stock Price Index (CSPI) Indonesian Stock Exchange (BEI) rose 24.403 points to 3,023,916 points and LQ-45 index increased 0.96 percent or 9.710 points to 588.989.

Financial Analyst, Harry Kurniawan in Jakarta, said the increase in Wall Street stocks due to report improved earnings of foreign companies that trigger local market participants to buy stocks.

Purchase of shares by the action of local actors is also triggered by the entry of foreign funds into the larger market, so the index increase quite sharply, he said.

IDX index increase, he added is expected to continue at noon, because market sentiment is more positive.

Performer active buying shares of banking industry, real estate, automotive and industrial smoke, and nickel in large numbers, he said.

According to him, the index is expected to continue to strengthen until close to 3100 points, due to the foreign players are very active, especially in Asian markets the U.S. dollar fell against the euro.

The lower U.S. dollar against the euro, for fear of U.S. economic recovery, he said.

Mega Indo Mines shares rose Rp700 to Rp39.050, Astra International shares increased 500 to Rp50.200, United Tractor shares rose Rp350 to rp19.600, Gudang Garam shares rose Rp350 to Rp31.750 Astra Agro Lestari and stocks increased 200 to Rp20. 150.

The most active shares were hunted perpetrators of Telkom and Inco shares each having 5.70 million transactions with a value of Rp46, 80 billion at the end of the exchange rate or up Rp100 nd Rp8.200 Inco shares sold 10.67 million units valued at Rp41, 93 billion on the exchange rose Rp100 to Rp3.975.
(H-CS/A024) (ANTARANews)

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