Sabtu, 01 September 2012

Phillip Securities: The Market Is Still In Doubt, TRADE On The Predicted Weakening

Jakarta -TRADE experience rebound and end up in positive zone at the close of trading on Tuesday (2/08), with an increase in 19.026 points or 0.46% at 4, 121.556. Rise TRADE occurred over the closure of positive exchange-exchange regional Asia, triggered by the return of market expectations that global central banks will take the stimulus policy to support economic growth. Those expectations back comes after Japan's central bank released a report, the BOJ – results of the meeting of the Board of Governors that showed an attitude of openness towards the BOJ monetary policy options in an attempt to dampen the effect of the European debt crisis to the country. In addition, investors are also anticipating data on retail sales (Retail Sales) AS for the month of July to be released Tuesday night and is expected to rise 0.2% from the previous month. Stocks in eight of the nine main sectors supported the increase in TRADE, with various industry sectors rose 1.02%, industry sector basis rose 0.99%, and consumer goods sector rose 0.83%. LQ 45 index increased while 3.948 points or 0.56% to 709.977. As many as 110 stocks strengthened, 96 and 113 stocks weakened, other stock stagnating on Tuesday on the Indonesia stock exchange, where shares worth 2.041 billion USD $ 2.115 billion traded on the regular market. Foreign investors bought a net worth recording action Rp 134.055 billion. Stocks that TRADE on the increase of supports with contributing to a positive trade on Tuesday include Delta Djakarta (DLTA) rose 15,000 points or 7.69% to $ 210,000, Goodyear Indonesia (GDYR) 900 points or rose 7.44% to Rp 13,000, Unilever Indonesia (UNVR) increased by 550 points or 2.20% to USD $ 25,500, Semen Gresik (Persero) (SMGR) scored 450 points, or 3.60% at USD $ 12,950, and means Nusantara (TOWR) Tower rises 300 points or 1.65% to $ 18,500. While stocks that plunged most of them daily stock Indonesia Fast Food (FAST) down 1,000 points or 7.14% to Rp 13,000, Indo Kordsa (BRAM) weakened 150 points or 6.00% at 2,350 Rupiah, Gudang Garam (GGRM) trousers trimmed 100 points or 0.19% to USD $ 51,350, telecommunication Indonesia (TLKM) lost 100 points or 1.12 percent at 8,850 Rupiah, Petrosea (PTRO) and down 100 points, or 4.17% to Rp 2,300.

U.S. stocks erase rising early in the session on Tuesday trading (14/08), after reports that Greece return seeking additional funds to implement its budget savings program. Index Dow Jones Industrial Average closed at 13, 172.14, only rose 2.71 points, or less than 0.1 percent, after earlier rising to 53 points earlier in the session. The index was down 0.52 points S&P 500 and closed on the 1st, with sector 403.93 consumer goods hold drop in the index with strengthened among other sectors. While the Nasdaq Composite Index fell 5.54 points or 0.2% and closed at 3, 016.98. News from the Financial Times reported that Greece requires the extension of 2 years for his country's budget savings program, so only would reduce the budget deficit amounted to 1.5%, the deficit reduction plan of 2.5% that was originally agreed in conjunction with the IMF and the European Commission. This reverses the direction of US equities market that has been lifted by retail sales data (Retail Sales) at the beginning of the trading session.

TRADE will likely be traded weakening today, along with the decline in stock index-Asian regional exchange this morning despite the retail sales data (Retail Sales), the US released overnight showed U.S. public consumption are increasing. The market participants began to doubt the existence of policy stimulus will of major central banks of the world in the near future. We expect the index will trade at support at 4,074 and resistance at 4,147.

Technical Recommendations:
SMGR (12,950) – BUY. R2: 13,400, R1: 13,050, S1, S2: 12,700: 12,400
MNCN (2,300) – spec. Buy. R2: R1: 2,400, 2,350, S1, S2: 2,250: 2,175
EARTH (1,030) – spec. Sell. R2: 1.150, R1: 1.080 magnitude, S1, S2: 1,000: 970
TLKM (8,850) – spec. Sell. R2: 9,300, R1: 9,050, S1, S2: 8,450: 8,250

(ang/ang)

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