Mega Capital: Index is expected to Mix to High

Jakarta -TRADE on the rise as positive regional market sentiment. Indonesia's stock market return verdant along with optimism in regional markets, which TRADE on the trade yesterday closed up 0.46 percent to 4,121 level. Foreign investors net buying position of notes INR 134 billion, and if counted from the beginning of the year the position of net buying of foreign investors has returned to as low as INR 8.2 trillion. The stock index leader especially big-cap stocks with exposure to domestic market such as UNVR (+ 2.2%), ASII (+ 1.4%) and (+ 3.6%) SMGR. While it shares a laggard stock index is TLKM (-1.1%), BBRI (-0.7%) and Earth (-2.8%). From the regional markets, the minutes of the Bank of Japan meeting indicating Japan's monetary authorities are still considering a number of measures in order to encourage economic growth be positive catalyst for the market. Moreover, investors also expect data to Retail Sales growing 0.3% American mom become a stable American economic signals start. Yesterday indek s Nikkei 225 closed up 0.3%, while the Hang Seng + 1.1%, Shanghai + 0.3% and + 0.8% Kospi.

Wall Street weakened thin. Most of the American stock market weakened in thin overnight trading, where indices S&P 500 closed down 0.01% to 1,403 and Nasdaq – 0.18% to the DJIA index rose 3,016 while thin 0.02% to 13,172. The index had increased at the beginning of trading session after Retail Sales data in the month of July rose 0.8% (EST. + 0.2%, prior-0.4%), but experienced a correction triggered by the stock shares as Hewlett-Packard technology (-0.8%), Cisco (-1%) and Intel (-0.8%) Inc. Other economic Data that was released is the Producer Price Index rose 0.3% mom (EST. + 0.2%, prior + 0.1%). Tonight the market will await data on Consumer Price Index (EST. + 0.2%) and Industrial Production (EST. + 0.6%). From Europe, GDP data incorporated in 17 countries of the European Union experienced a decrease of 0.1% qoq in the 2Q12. More details, Germany'S GDP still growing 0.3% qoq, while France + 0.0% qoq, Italy – 0.4% qoq, Spain – 0.4% qoq and Portugal – 1.2% qoq.

For index, are likely to be Strengthened (4,095 Range — 4.112). IHSG briefly test the support level in equidistant channel in trading yesterday, the 4.080 but haven't been able to get through the index looks closed and strengthened resistance level at 4,120 meguji, index it is possible to resume resistance level on the penguatannya heading and continued its consolidation 4.112, but if prices weakened possibilities can test turned the support level at the nearest 4,095. Today an estimated index moves back with a tendency for strengthened.

(ang/ang)